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Suilend IKA depositors suffer 6% balance cut due to abnormal price

Source: PANews
PANews reported on September 9 that Suilend tweeted that the price of IKA soared from $0.04 to $0.47 today, resulting in some IKA loans being liquidated at a high valuation, forming a gap of about $379,000. The loss has been shared by the IKA depositors, with each IKA depositor’s balance being reduced by 6%. Suilend said other assets and markets were not affected, IKA lending has been suspended, and the platform will continue to update progress.
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