Moonwell's $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral

Market Intelligence Analysis

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Why This Matters

A pricing glitch on Moonwell's DeFi platform allowed bots to seize millions in ETH collateral due to a misconfigured Chainlink price oracle, undervaluing cbETH to $1 instead of its actual value of $2,200.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

A misconfigured Chainlink price oracle on DeFi lender Moonwell briefly valued Coinbase Wrapped ETH (cbETH) at about $1 instead of roughly $2,200.

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Original article published by CoinDesk on February 18, 2026.
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