On September 9th, Suilend officially announced that it will suspend IKA borrowing until further notice. This morning, IKA soared from 0.04 US dollars to 0.47 US dollars, and some IKA loans were liquidated at an excessive valuation, resulting in losses in the position, resulting in a funding gap of 379,000 US dollars. IKA depositors are affected, and the IKA deposit balance of each IKA depositor will be reduced by 6%.
Previously, it was reported that IKA fell back after rising 700% at 5:11 this morning, and IKA liquidated its position at 2.2189 million US dollars in 24 hours, of which the empty order liquidated 2.1157 million US dollars.
Suilend announces suspension of IKA borrowing
2025-09-09 04:26:00
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