Suilend: Suspends IKA lending as the IKA market faces a $379,000 gap due to a surge in price
According to ChainCatcher, Suilend announced that the price of IKA surged from $0.04 to $0.47, resulting in some loans being liquidated at overvalued prices and causing a market shortfall of approximately $379,000.
This loss has been borne by IKA depositors, with each depositor's balance reduced by about 6%. Currently, IKA lending has been suspended, and funds in other markets on the platform remain secure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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