Oracle Configuration Error in Moonwell Involving AI Co-authored Code Results in Loss of Approximately $1.78 Million

2026/02/18 18:33 (Updated 2026/02/19 06:01)

CoinPost

Written by Enzo

Oracle Configuration Error in Moonwell Involving AI Co-authored Code Results in Loss of Approximately $1.78 Million

Questions Arise Over AI Co-authored Code

According to a post on the Moonwell governance forum on February 17th, the DeFi lending protocol 'Moonwell', operating on the Base and Optimism blockchains, executed governance proposal 'MIP-X43' on February 15th, activating the Chainlink OEV wrapper contracts across core markets on both chains.

However, a critical error in the implemented oracle settings resulted in a loss of approximately $1.78 million (about 260 million yen).

The error stemmed from an incorrect pricing formula for cbETH (Coinbase Wrapped Staked ETH). Originally, 'cb...

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30

Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30