NFT lending protocol ParaSpace is rumored to have misappropriated funds! A large number of users are withdrawing funds

This afternoon, NFT lending agreement ParaSpace reported internal disputes and misappropriation of public assets. Major communities said that for safety reasons, please withdraw money as soon as possible. Currently, USDT loan APY has exceeded 82%. The ETH loan APY has exceeded 58%, and the USDC fund utilization rate is approaching 100%. Currently, Yubo, the head of ParaSpace, is explaining the situation on Twitter Space.

Loan interest rates soared, and users were withdrawing funds

This rumor began to ferment in the afternoon, and major groups began to spread the word to remind users to withdraw funds.

According to observations, lending users in ParaSpace are withdrawing funds from the protocol in large numbers, causing loan interest rates to soar.

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