News
DeFi lenders tighten borrowing limits as Bitcoin dips below $72,000
Sky proposes halting new borrowing on five legacy vaults holding $376 million USDS, while LlamaRisk suggests borrowing speed limits for Aave V3. Moonwell cuts collateral limits on Base and Optimism. Bitcoin fell below $72,000 and ether near $2,000, prompting lenders to reduce risk after recent hacks. Binance claims to have fully covered its $6.3 billion hack losses, pending proof of reserves. Tether's freeze process on Tron is under scrutiny.