TechFlow reports, on October 14, decentralized lending protocol Morpho Labs issued a statement regarding today's oracle configuration incident. The event resulted in approximately $230,000 in losses. Morpho emphasized that this was an isolated issue at the risk management level and that the underlying protocol remains secure and reliable. According to Morpho, the problem originated from an unauthorized deployed market and a misconfigured price oracle. Risk managers have recovered most of the funds and are working diligently to ensure all lenders are repaid. Morpho stated it will continue providing robust tools for managers to reduce the likelihood and impact of similar incidents in the future.
Previous report: DeFi lending protocol Morpho lost about $230,000 due to an oracle configuration error.
