Ether briefly priced at $1 after glitch on DeFi app, triggering $1.8M in bad debt
CoinDesk
by Shaurya MalwaFebruary 18, 2026
A misconfigured Chainlink price oracle on DeFi lender Moonwell briefly valued Coinbase Wrapped ETH (cbETH) at about $1 instead of roughly $2,200.
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cryptofinance
Originally published on CoinDesk on 2/18/2026