$1.1B lost this week $2.2B lost in 30 days $95.0B lost this year
EQIBank had approximately 80% of its assets frozen as part of a seizure targeting Capstone Limited, leading to a material liquidity crisis for the bank. The seizure is linked to allegations of Capstone misrepresenting its business to banks and processing funds from impersonation fraud schemes.
Source: Protos (opens in a new tab)
UsePaid, a Solana-based protocol, experienced a 38% drop in its native $PAID token after its X Money integration for fee payouts was overwhelmed by a surge in claimed fees on September 27, leading to a temporary pause in payouts. The project responded by launching an on-chain claims portal to allow direct withdrawals to Solana wallets, bypassing X Money.
A report by Kairos Research examines GHO and sGHO as potential backing assets for USDe, noting that while GHO's peg has held and Aave is overcollateralized, there are concerns about exit liquidity. The report highlights an asymmetry between minting and redemption capacities in Aave's stability modules, with exit capacity being significantly lower than minting capacity, particularly on the Ethereum chain.
Balancer, a prominent DeFi protocol, has proposed an orderly winddown and treasury distribution to BAL holders. This plan replaces a previous buyback program with a burn-to-redeem mechanism for the protocol's estimated $9 million treasury. All Balancer pools will transition to withdrawals-only on October 30, 2026.
Spark protocol is proposing several changes across Ethereum and Gnosis Chain, including offboarding unused integrations, deprecating LBTC as collateral, and fully deprecating SparkLend on Gnosis Chain by setting LTV and liquidation thresholds to 0%. These changes aim to reduce exposure and consolidate revenue, with some actions requiring governance polls and others falling under existing risk parameter modification authorities.
Source: Sky Forum (opens in a new tab)