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.