Oracle provider Switchboard said it has suspended its oracle operations across several blockchain networks, including SUI, Aptos, IOTA and Movement, after detecting a potential security risk. The company described the move as precautionary and said the disruption is limited to Switchboard’s own oracle services rather than the underlying blockchains. Block production on the affected networks has not been interrupted.
Switchboard said applications that rely on its price feeds or related services may be affected. That could include DeFi protocols in areas such as lending, perpetuals and structured products. At the same time, the company said there is currently no evidence of any loss of funds or of the chains themselves being attacked.
The incident remains under investigation, and Switchboard said it is still assessing when services can be restored. The update was carried by Techub News, with NewsBTC cited as the source in the input provided.
Switchboard has suspended oracle operations on several networks, including SUI, Aptos, IOTA and Movement, after detecting a potential security risk.
The company said the halt is a precautionary measure and affects only Switchboard’s own oracle services. Block production on the related blockchains has not been interrupted.
Applications that depend on Switchboard price feeds or services may be affected, including DeFi protocols tied to lending, perpetual contracts and structured products. Switchboard added that there is no evidence so far of any loss of funds or of the chains themselves being attacked. The company is investigating the incident and assessing a timeline for restoring services.
The item was published by Techub News, with NewsBTC cited in the source material.
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