DeepBook: USDC margin pool has accumulated $239,700 in bad debt, margin trading temporarily suspended
According to Foresight News, DeepBook announced that at around 11:18 on May 9, due to insufficient collateral, the USDC margin pool accumulated a bad debt of $239,700, and margin trading was temporarily suspended. The DeepBook insurance fund has injected the lost funds into the affected margin pool. Currently, deposit and withdrawal functions have returned to normal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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