Switchboard halts Move oracle deployments on four networks after suspected key compromise
Switchboard, an oracle provider, halted its Move-based deployments on IOTA, Sui, Aptos and Movement after a suspected security compromise of an oracle key. A compromised Switchboard oracle key reportedly pushed IOTA's price feed to $10M, enabling roughly 4.94M VUSD to be minted, while Solana was reportedly unaffected.
Detected & updated continuously · Source: Nebula
Sources
@solana_sailor
🚨 A major oracle infrastructure breach just hit DeFi A compromised @switchboardxyz oracle key reportedly pushed @iota’s price feed to $10M, enabling roughly 4.94M VUSD to be minted Switchboard halted its Move deployments on IOTA, Sui, Aptos and Movement Solana hasn’t shown https://t.co/eF6IedfEpT
@Crypto_TownHall
SWITCHBOARD HALTS OPERATIONS ON FOUR NETWORKS OVER A POTENTIAL SECURITY COMPROMISE. The oracle provider paused services on Aptos, Sui, IOTA and Movement while investigating its Move-based implementations, with Solana reportedly unaffected. https://t.co/DUhfLj0eSJ