Cross-chain oracle compromise triggers liquidations and frozen vaults across multiple DeFi networks

Switchboard, an oracle provider that supplies price data to DeFi applications, said contributors halted its deployments on Aptos, Sui, IOTA and Movement after reports of a potential Switchboard Move oracle compromise in its Move-language implementations.

At least three applications reported losses, freezes or precautionary access restrictions as Switchboard advised users to migrate temporarily to alternatives. The provider said it had not received similar reports about its Solana implementation, but it has not published a root cause or a timetable for restoring the four Move deployments.

Switchboard Move oracle compromise hits DeFi apps

Sui-based exchange Full Sail confirmed that its vaults lost funds and said deposits and withdrawals would remain paused until oracle integrity was restored and verified. Its disclosure did not identify the affected vaults or assets, provide transaction records, or quantify the loss.

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