DefiLlama questioned the authenticity of Figure assets on-chain
Source: Binance
Time: 2025-09-13 20:44:14
According to ChainCatcher, DefiLlama founder 0xngmi said that Figure's on-chain assets do not match the transaction volume, with few BTC and ETH reserves, and on-chain transactions are almost non-existent, and it is suspected that TVL may be an internal database mirror.
DefiLlama discussed its claimed $12 billion TVL data with the Figure team in a Telegram group chat and raised several system and distribution-related issues.
Someone spread rumors on X that DefiLlama refused to be on the list and charged a fee for fans, and DefiLlama denied the matter, stressing that its strict due diligence ensures the data is authentic.