- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Suilend: Pause in IKA Lending, every IKA Depositor's balance will be reduced by 6%

By: theblockbeats.news|2025/09/09 04:52:34

BlockBeats News, September 9th. The Sui ecosystem lending protocol Suilend officially announced the suspension of IKA borrowing until further notice. This morning, IKA surged from $0.04 to $0.47. Some IKA borrowings were liquidated at a high valuation, resulting in subsequent positions facing losses, creating a $379,000 funding gap. IKA depositors are affected, with each depositor seeing a 6% reduction in their IKA deposit balance.

BlockBeats previously reported that IKA experienced a 700% "pin" surge this morning followed by a drop. IKA liquidated $2.2189 million in the past 24 hours, with short positions accounting for $2.1157 million in liquidations.

Total Open Interest of MYX Futures Contracts Across the Network Surged by 43.29% in the Last 24 Hours, Now Standing at $376.17 Million

Token prices in the AI sector saw a general increase, with WLD and KAITO leading the gains.