According to BlockBeats, on October 11th, Venus, a lending protocol on BSC, stated on social media that the official team is aware of the WBETH price decoupling issue, which resulted in some users being unexpectedly liquidated during the early morning drop. The team is actively investigating the incident, reviewing affected accounts, and evaluating fair next steps.
In the meantime, officials are strengthening risk management and oracle protection measures to help prevent similar incidents in the future.
It is reported that WBETH broke away from its anchor in the extreme decline in the early morning of today, falling to $430 at one point (ETH fell to $3435), the WBETH/ETH exchange rate fell to 0.2, and is now reported at 1.06. The WBETH price is now reported at $4097 (ETH is $3840).
