Odaily Planet Daily reports that after a bad debt of approximately $1.78 million caused by an oracle configuration error, the DeFi lending protocol Moonwell released an incident response update on the X platform. It states that the recovery plan has now been published on the governance forum, which includes integrating the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL). The Moonwell Apollo Treasury will immediately initiate partial compensation, with ongoing compensation to be provided through protocol revenue. Additionally, MFAM holders and stkWELL stakers are expected to receive compensation at a ratio of 1:1.5 (MFAM:stkWELL).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Zcash Rally Gains Strength as Privacy Demand and ZODL Funding Lift ZEC
Key Insights:
The Zcash price rose above $235 with strong volumes, reflecting sustained institutional participation and signaling broader market confidence in privacy-focused digital assets.
The $25 million ZODL funding supports protocol upgrades, wallet growth, and shielded adoption,
CryptoNewsLand16m ago
Bitcoin DeFi on Cardano Reaches Milestone With First BTC-ADA Atomic Swap
The crypto sector may be struggling with the ongoing bear market, but some projects are relentlessly building and expanding their ecosystems. One such is Cardano, which just hit a milestone in its Bitcoin decentralized finance (DeFi) integration, by completing the first atomic swap between BTC and t
CryptoPotato37m ago
Ondo Gains After Franklin Templeton ETF Tokenization Deal
Key Insights
Ondo gained eight percent after partnering with Franklin Templeton, boosting visibility and signaling deeper integration between traditional finance and blockchain-based investment products globally.
Tokenized ETFs will enable round-the-clock trading through crypto wallets,
CryptoNewsLand1h ago
Pi Network Gears Up for Another Major Upgrade as PI Resists Market Drop
After successfully implementing several consecutive protocol updates, the Core Team behind the controversial project noted earlier today that the next one is already in the works.
At the same time, the underlying token has posted a minor gain since yesterday. However, its broader performance
CryptoPotato2h ago
Toobit Introduces Greater Flexibility and Profit Sharing to Copy Trading Ecosystem
Toobit has upgraded its Copy Trading feature, introducing customizable leverage, multiple referral profit-sharing tiers, a private leading mode for professional traders, and a redesigned user interface for better performance tracking. These enhancements cater to the growing demand for personalized social trading tools.
CryptoPotato2h ago
BNB Chain Launches BNBAgent SDK, the First Live Implementation of ERC-8183 for Trustless Onchain AI Agents
[PRESS RELEASE – Dubai, UAE, March 18th, 2026]
BNB Chain today announced the launch of BNBAgent SDK, the first live implementation of ERC-8183 and a complete developer framework enabling trustless onchain AI workflows. The release represents a major step forward in building the infrastructure
CryptoPotato2h ago
