A DeFi protocol that rocketed to $1.3 billion in TVL is now facing serious credibility questions. Earlier claims about "zero contagion risk" have been quietly walked back, with original posts mysteriously vanishing from social feeds—though screenshots don't lie.

The project's native token has crashed to $0.22, marking a new floor. But critics argue even that's generous given the brewing controversy. The core issue? Accusations that isolated vault architecture wasn't so isolated after all. When depositor funds allegedly get rehypothecated behind the curtain while marketing materials scream "your assets stay separated," that's the exact playbook that's sunk platforms before.

Deleting evidence rarely helps. Especially when the DeFi community has collectively developed a muscle memory for archiving everything. JUP holders and the wider ecosystem are now watching closely to see whether this is a misunderstanding or something uglier. Either way, TVL numbers mean nothing if trust evaporates.