ChainCatcher report: The Starknet lending protocol Vesu announced an oracle incident on September 4. A faulty upstream price feed from Pragma caused 47 positions with $3 million in collateral across multiple Vesu pools to be unexpectedly liquidated between 04:08 and 04:10 UTC. The problematic price source self-corrected within two minutes and has not been affected since. Pragma has collaborated with relevant parties to deploy a fix addressing the root cause, and Vesu expects pool curators to resume paused pools within the next few hours. Vesu stated that its contracts operated as designed, with no protocol vulnerabilities requiring patches—the issue stemmed solely from incorrect input prices. Vesu is working with Pragma, StarkWare, the Starknet Foundation, and pool curators to recover funds seized through these liquidations. Affected users should keep their Earn positions open, as withdrawing may forfeit eligibility for refunds; if liquidated during the incident, please submit a support ticket on Discord. A full technical report will be published shortly.
Vesu reports $3M in collateral abnormally liquidated due to Pragma oracle failure
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Summary
Vesu reported that $3 million in collateral was abnormally liquidated due to a Pragma oracle failure on September 4. The incident impacted 47 positions between 04:08 and 04:10 UTC. A fix was deployed, and the price source self-corrected within two minutes. Vesu confirmed no protocol vulnerabilities and is collaborating with partners to recover funds. Affected users should keep their Earn positions open and submit support tickets. A technical report will be released soon. With altcoins under pressure, the Fear & Greed Index may reflect shifts in market sentiment.
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