Solana

April

Reported by Cointelegraph, nearly $200 million of user funds have exited Solana-based lending protocol MarginFi over the last two days amid an abrupt resignation of the platform’s CEO and followed by accusations of wrongdoing from its competitors.
On April 10, the now-former CEO of MarginFi, Edgar Pavlovsky, suddenly announced he had resigned from MarginFi, citing disputes that had arisen from both within his firm and from outside of it.
<blockquote>
 “I resigned from mrgn today. From working on marginfi, from the research arm, from it all," said Pavlovsky, adding:
 “I don't agree with the way things have been done internally or externally.”
</blockquote>
Hours earlier, Pavlovsky had been trading blows with users on X who had been requesting that the protocol launch its long-anticipated MRGN governance token.
“After today, feels maximally right to push back any kind of token. Will see what I can do internally to brick this,” wrote Pavlovsky in a now-deleted post to X on April 11, which also saw a heated response from the community.
In the wake of the controversy — seemingly worsened by a stream of <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/edgarpavlovsky/with_replies">public insults</a> from the former CEO — withdrawals from MarginFi have reached as high as $191 million in the last 48 hours, according to Dune Analytics <a rel="noopener noreferrer nofollow" target="_blank" href="https://dune.com/man0s/marginfi">data</a>.

Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days

TokenInsight

Weitere Artikel, die am 12. Apr. 2024 veröffentlicht wurden

Adam Back Calls Bitcoin ‘Super Cheap’ at Current Levels

Michaël Van De Poppe Makes Ethereum Prediction, eCash and KangaMoon Prices See Parabolic Rise

Crypto VC Funding Hits New Low Despite Market Surge– What’s Next?

Max Keiser Dismisses Ethereum ETF as a “Proof-of-Stake Scam”

Bitcoin price falls to $65K as $400M crypto market liquidation rocks BTC and altcoins

Animoca Brands To Debut NFT Launchpad In Japan This Summer

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!