Whats going on over at Sake Finance?
i was just about to run their looper strategy too but now i’m not touching them.
I think they posted something on their socials the other day, but it seems deleted
The Sake Team ist posting regular updates on Discord. It seems a configuration issue of a pool or a price Oracle Migration did go wrong. Sake started with correcting and repayments yesterday and some of my liquidated assets are already returned and some still missing. They mention all assets will be returned next days. All Main Pool transactions are stopped.
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Hi @FFR23,
In addition to Jonas’ message, I recommend visiting the official Sake Discord where an announcement has been made regarding the situation.
If you have funds that are affected, please open a support ticket directly with the Sake team there:
The Sake team is the right point of contact for all affected users and is actively working to assist them.
Hi @FFR23,
As some of the responses have already mentioned, this was a misconfiguration issue not a flash loan attack. We are currently in the recovery process and the majority of unfairly liquidated collateral has already been returned.
We expect the recovery process to be completed within the next few days. When the recovery is finished, we will enter a grace period and reenable withdrawals. After that, Sake will return to normal operation.
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Thanks for the clarifications
i didn’t see any announcement from anyone so of course assumptions will be made