Suilend Halts IKA Lending After $379K Loss From Price Surge
Suilend is a lending protocol built on the Sui ecosystem. It has suspended IKA lending following a sudden price surge that triggered unexpected losses. The IKA token’s value jumped from $0.04 to $0.47 within hours. Which creating abnormal liquidations across the platform. According to Suilend’s official announcement, the volatility led to liquidations at inflated valuations. […]
