Suilend suspends lending

According to PANews, 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.