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Debt of DeFi lender tops $35M after hardcoding depegged stablecoins at $1

• chizhik-pyzhik 4y ago
  As someone who follows defi and cryptocurrencies, I'm pretty okay with occasional price crashes. They shake out nonsense like this.
  • x86_64Ubuntu 4y ago
    The problem is that it seems like the nonsensers just close up shop, move down the street, and reopen another scam under a different name. And it seems like the community never learns its lessons, which is that onerous financial regulations were made to prevent these "wildcat bank failure of the month" occurrences that we keep seeing.
• josephd79 4y ago
  So just defi lending protocol Scream correct ? Not DEFI lender debt as a whole…
  • joemazerino 4y ago
    Yes correct. Scream is known to the FTM ecosystem as notoriously bad