Posted 4/11/2024, 9:56:02 AM
Marginfi in Crisis as CEO Resigns and Users Withdraw Over $130 Million Amid Controversies
- Marginfi CEO Edgar Pavlovsky announced his resignation amid controversy and disputes
- Pavlovsky's departure triggered over $130 million in withdrawals from Marginfi
- Competing lending protocol Solend offered rewards to attract Marginfi users
- Earlier, Marginfi faced criticism from Solana pool SolBlaze over token management
- After resignation, Marginfi expressed willingness to mend fences with SolBlaze
