DeFi· ★★★· bearish·

Kamino says unaffected by Binance incident, pauses borrowing in SOL/BTC market

  • —Kamino said it was not affected by the Binance incident
  • —Borrowing in the SOL/BTC market was paused as a precaution
  • —An address tied to the hack had borrowed ETH on Aave against USDT collateral
Why it matters: DeFi protocols are starting to curb risk functions after the Binance hack, which could deepen liquidity outflows and pressure SOL and BTC markets.
#SOL#BTC
Source: PANews
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