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Cosmos-based Lending Protocol Coslend Paused Deposit, Withdrawal and Borrow Functions

Cosmos-based lending protocol Coslend announced that the depositing, borrowing and withdrawal functions have been paused to avoid further losses. Users still can repay their outstanding borrowings. Previously, Coslend was exploited and lost more than 75k stablecoins and 14.85 $ETH. Coslend says that it's working with the Evmos team to identify the reason and will release a security report soon.
Source

Cosmos

Lending

Security Incidents

DeFi

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