Sherlock: Maple Finance Borrower Defaults, May Lose About $4 Million
06/12/2022 09:44
Sherlock, a smart contract audit platform, issued a document stating that due to the default of Maple Finance borrowers, Sherlock may lose about $4 million. Among them, Sherlock currently has 5 million USDC deposited in the USDC lending pool managed by M11 Credit. The pool is expected to recover 20% - 25%, and pledgers may lose 33% - 35% of their funds.