undercollaterization

‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation

The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black...
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