DeFi Protocol Freezes Six Markets Following Pool Incident
DeFi Protocol Freezes Six Markets Following Pool Incident
馃毃 Six Markets Frozen
A DeFi lending protocol has suspended collateral functionality for six cryptocurrency markets in response to an ongoing security investigation.
Affected Markets:
- BCH, LTC, UNI, AAVE, FIL, and TWT now have zero collateral factor
- Action taken due to concentrated single-user holdings
Risk Criteria Applied:
- Market cap below $2B
- 24h trading volume under $100M
- DEX total value locked under $40M
- Single user controls over 60% of supplied collateral
The protocol identified these markets as high-risk following an incident involving the $THE pool. All other markets continue operating without changes.
A full investigation report will be released once the review concludes.
As part of our ongoing response to the $THE pool incident, we have reduced the Collateral Factor (CF) of 6 additional markets to 0, effective immediately, until at least the conclusion of this investigation. This precautionary measure targets markets where a single user holds a
As part of our ongoing response to the $THE pool incident, we have reduced the Collateral Factor (CF) of 6 additional markets to 0, effective immediately, until at least the conclusion of this investigation. This precautionary measure targets markets where a single user holds a
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