ORACLE CATASTROPHE! DEFI DRAINED $1.78M!Moonwell protocol crippled by Chainlink oracle glitch. cbETH price manipulated to $1, triggering mass liquidations. Bots exploited the flaw, seizing thousands in collateral for pennies. Over 1 million cbETH wiped out, leaving protocol with massive bad debt. Lenders beware.
Disclaimer: This is not financial advice.