EtherFi credit card on-chain oracle failure! Balance display and spending paused.

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The EtherFi Cash platform experienced a service disruption today. The official announcement stated that the onchain price provider encountered a malfunction; user funds are safe, but balance displays and credit card spending functions have been affected. (Previous coverage: Testing Etherfi Card: Is the 5% cash back on hotel bookings really worth it? ether.fi Travel precautions) (Background: Ether.Fi Complete Guide: 3% cash back on all purchases, direct USDT payments, and Taiwan testing) Key Highlights - EtherFi Cash onchain price provider malfunctioned, causing user balances to temporarily display as $0 and interrupting credit card spending functions. - EtherFi emphasized that user funds remain safe and unaffected, with the issue stemming from an anomaly in the price data feed. - EtherFi Cash has over 70,000 active cards and 300,000 accounts, having recently completed a $220 million TVL migration to OP Mainnet in early May. The EtherFi Cash platform displayed a red alert banner today (22nd), stating: "The onchain price provider is experiencing an incident. Your funds are safe, but balance viewing and credit card spending are affected." Affected users reported that the total balance on the Vault page temporarily displayed as $0.00 USD, and functions such as Add Funds, Send, and Convert all showed zero balances. The current cause of the malfunction may be related to EtherFi's integration with the Pyth network in April, as the Pyth oracle experienced a failure today. EtherFi is one of the largest liquid restaking protocols in the Ethereum ecosystem. Its Cash product offers crypto credit card services, allowing users to use staked assets as collateral for daily spending and earn up to 3% cash back. According to data disclosed by EtherFi on May 7, the Cash product has issued over 70,000 active cards, serves more than 300,000 accounts, and migrated $220 million in TVL to OP Mainnet without a single payment failure during the process. FAQ Are EtherFi Cash users' funds safe? EtherFi officials stated that user funds are safe and unaffected. The issue lies in an anomaly in the onchain price provider's data feed, which caused balances to display incorrectly and suspended credit card spending functions. What is an onchain price provider? An onchain price provider is an oracle service that supplies real-time asset quotes to DeFi protocols. Protocols rely on this data to calculate the value of user holdings, trigger liquidations, or process transactions.

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Published:2026-05-22 08:15:39

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