The total value locked (TVL) of the protocol has significantly decreased by nearly $12 billion due to multiple rug pulls affecting its stability. Rug pulls, a form of exit scam in the cryptocurrency space, have led to a loss of confidence among investors. As a result, the protocol’s TVL has suffered a substantial decline, reflecting the impact of these fraudulent activities. This situation highlights the vulnerabilities present in decentralized finance platforms, where investor funds can be at risk. The ongoing challenges faced by the protocol underscore the need for enhanced security measures and investor awareness in the cryptocurrency market.
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Last updated on November 7th, 2025 at 07:08 am
