According to Mars Finance news, Suilend announced that the price of IKA surged from $0.04 to $0.47, with some loans being liquidated at inflated valuations, resulting in a market gap of about $379,000. This loss has been borne by IKA depositors, with each depositor's balance decreasing by approximately 6%. Currently, IKA lending has been suspended, and funds in other markets on the platform are safe.
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Suilend: Pausing IKA lending, the IKA market has a $379,000 gap due to big pump.
According to Mars Finance news, Suilend announced that the price of IKA surged from $0.04 to $0.47, with some loans being liquidated at inflated valuations, resulting in a market gap of about $379,000. This loss has been borne by IKA depositors, with each depositor's balance decreasing by approximately 6%. Currently, IKA lending has been suspended, and funds in other markets on the platform are safe.