🚨 BREAKING: Oracle issue on Aave Protocol triggers ~$26M liquidation

On March 10, a temporary oracle configuration issue caused abnormal liquidations involving Wrapped stETH (wstETH).

Here’s what happened 👇

• A mismatch occurred between snapshotRatio and snapshotTimestamp in the system configuration.

• The ratio update was rate-limited onchain, while the timestamp advanced normally.

• This caused the oracle to undervalue wstETH by ~2.85%.

⚠️ Result:

• ~10,938 wstETH liquidated

• ~34 accounts affected

• ~$26M liquidation volume

• ~116 ETH captured in liquidation bonuses

• ~382 ETH profit taken by third-party liquidators

$AAVE $ETH