@SiloFinance Don’t drop your community on the terrible sUSDX @StablesLabs situation that happened as well. Lots of people lost a large part of their savings and now sit with bad dept and can’t withdraw.
Perhaps @StablesLabs can clarify why founder Flex Yang’s wallet is linked to these addresses
It appears that all USDC / USD1 / USDT liquidity was drained by sUSDX / USDX as collateral in Euler / Lista / Silo, paying 100% borrow interest with seemingly no intent to repay.
https://t.co/nAVNUWxBT8
https://t.co/5aGOMwGj10
https://t.co/2FUN7n7Do0
https://t.co/1alpW4g6uL
Just search them on @ArkhamIntel, connections are clear.
What’s the rationale for borrowing against USDX while burning 100% interest?
Where is the external audit?
Why not just redeem and use USDT? 🤔
Lenders will go rekt?