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Suilend: Suspends IKA lending, $379,000 deficit in IKA market due to surge

Summary: According to reports, Suilend announced that the price of IKA surged from $0.04 to $0.47, leading to the liquidation of some loans at inflated values, resulting in a deficit of approximately $379,000 in the market. The loss has been borne by IKA depositors, with each depositor's balance decreasing by around 6%. Currently, IKA lending has ...

According to reports, Suilend announced that the price of IKA surged from $0.04 to $0.47, leading to the liquidation of some loans at inflated values, resulting in a deficit of approximately $379,000 in the market. The loss has been borne by IKA depositors, with each depositor's balance decreasing by around 6%. Currently, IKA lending has been suspended, with the platform ensuring the safety of funds in other markets.

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Link: Suilend: Suspends IKA lending, $379,000 deficit in IKA market due to surge [Copy]

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