Moonwell cbBTC withdrawable amount $1.72… one depositor, demands recovery plan
Original headline문웰 cbBTC 인출 가능액 1.72달러…예치자 한 명, 복구안 요구
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Moonwell's Base lending market shows only about $1.72 in withdrawable cbBTC, with loan balances of 58.65 cbBTC against deposits of 58.48 cbBTC and reserves of 0.17 cbBTC at a CoinGecko price of $77,683, according to contract data read at Base block 53,474,710. The shortfall has prompted a single depositor to demand that Moonwell publish a recovery plan and set clear rules for distributing any recovered funds. The near-zero available liquidity matters because depositors cannot exit their cbBTC positions even as the market's loan book remains fully drawn relative to deposits. What to watch next is whether Moonwell releases a formal remediation proposal and how the 0.17 cbBTC reserve is allocated among claimants.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Moonwell, cbBTC, Base, Coinbase (COIN), Unchained
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