According to a report from Techub News published on August 29, 2026, the multichain oracle protocol Switchboard has suspended its operations on the Aptos, Sui, IOTA, and Movement networks after detecting a security breach. The attackers used leaked oracle keys to manipulate the IOTA price all the way up to $10 million. They then minted roughly 4.94 million VUSD through the Virtue CDP protocol, which in turn led to the liquidation of 45 users. Switchboard said that it is working with security firms in order to investigate what happened. The vulnerability is suspected to be tied to the Move language architecture and appears to affect only Move-based chains. Its Solana deployment, however, has not been impacted. In addition, Virtue CDP has been paused, and related exchange addresses have been frozen. The protocol now advises users to seek alternative oracle solutions on a temporary basis for the time being. The original story was published by cryptobriefing.com.
According to a report from Techub News published on August 29, 2026, the multichain oracle protocol Switchboard has suspended operations on the Aptos, Sui, IOTA, and Movement networks after detecting a security breach.
Attackers used leaked oracle keys to push the IOTA price to $10 million. They then minted roughly 4.94 million VUSD through the Virtue CDP protocol, which led to the liquidation of 45 users.
Investigation and response
Switchboard said it is working with security firms to investigate the incident. The vulnerability is suspected to involve the Move language architecture and affects only Move-based public chains. Its Solana deployment, however, was not impacted.
Virtue CDP has been paused, and related exchange addresses have been frozen. The protocol is advising users to temporarily seek alternative oracle solutions. The original story was published by cryptobriefing.com.
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