Vesu oracle incident triggers $3M in liquidations

Starknet lending protocol Vesu has reported that a faulty Pragma price feed triggered the abnormal liquidation of 47 positions holding $3 million in collateral on Sept. 4. Summary 47 Vesu positions were liquidated across several pools during a two-minute oracle failure. $3 million in collateral was affected before the Pragma price feed corrected itself. Vesu said its contracts worked as programmed and contained no protocol vulnerability. Vesu and other Starknet organizations are trying to recover funds for affected users. Vesu traces $3M liquidation to Pragma price feed Vesu said in a Sept. 5 incident disclosure that the liquidations occurred between 04:08 and 04:10 UTC on Sept. 4 after an upstream price source operated by Pragma supplied incorrect data. 🚨 Update on the 4th September oracle incidentA faulty upstream Pragma price feed caused 47 positions and $3M of collateral to be irregularly liquidated across several Vesu pools between 04:08 and 04:10 UTCThe feed corrected itself within two minutes, and nothing has been…— Vesu (@vesuxyz) September 4, 2026 During the two-minute incident, the faulty prices reached several Vesu liquidity pools and made 47 borrowing positions appear e...