Yei Finance responds to funding status: $8.6 million USDC debt will be fully repaid.

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【Crypto World】Sei’s lending protocol Yei Finance just issued a statement saying that the platform’s funds are safe, and users can withdraw at any time — 100% guaranteed to get their money back.

Here’s the current situation: approximately $8.6 million USDC has been borrowed from their main pool, with sfastUSD as collateral. The team has stated they will repay this debt in full to ensure all users holding USDC can withdraw smoothly.

However, during the debt repayment process, the withdrawal feature will need to be temporarily paused. They haven’t announced exactly when it will be restored but will provide an update later. Any new developments will also be communicated. Overall, the team’s attitude is quite clear — they want to clarify the situation so users can withdraw their funds with confidence.

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DefiVeteranvip
· 4h ago
Same old trick again... stop withdrawals and slowly do a Rug Pull.
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DiamondHandsvip
· 4h ago
Suspending withdrawals is about whether to run or not.
View OriginalReply0
On-ChainDivervip
· 4h ago
It's another old trick of suspending withdrawals.
View OriginalReply0
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