ExchangeDEX+

Buy Crypto Markets Spot Futures500X Earn Events

Gold Bar & BTC Giveaway2000g

PANews reported on November 9th that Re7 Labs released a report on the impact of xUSD de-pegging, indicating that over $13 million in funds were affected by Stable Labs. The report stated: 1. Stream-xUSD: Stream's CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC held in Re7 Labs' vault on Worldchain. Meanwhile, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the Euler Earn vault's supply queue. 2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began to reduce their risk exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets that included xUSD, deUSD, and sdeUSD. Currently, all borrowing positions using sdeUSD as collateral have been fully repaid on Plume. 3. Stable Labs-USDx and SUSDx: We communicated with Stable Labs CEO Flex this week and found that he may be in trouble. We have asked him to deposit liquidity so that users can close their positions. The funds affected by Stable Labs are approximately $13,114,000 and we have not yet received a response. Re7 Labs stated that it is seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the incident.PANews reported on November 9th that Re7 Labs released a report on the impact of xUSD de-pegging, indicating that over $13 million in funds were affected by Stable Labs. The report stated: 1. Stream-xUSD: Stream's CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC held in Re7 Labs' vault on Worldchain. Meanwhile, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the Euler Earn vault's supply queue. 2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began to reduce their risk exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets that included xUSD, deUSD, and sdeUSD. Currently, all borrowing positions using sdeUSD as collateral have been fully repaid on Plume. 3. Stable Labs-USDx and SUSDx: We communicated with Stable Labs CEO Flex this week and found that he may be in trouble. We have asked him to deposit liquidity so that users can close their positions. The funds affected by Stable Labs are approximately $13,114,000 and we have not yet received a response. Re7 Labs stated that it is seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the incident.

Re7 Labs releases report on the impact of xUSD de-pegging: Over $13 million in funds affected by Stable Labs, with no response yet received.

2025/11/09 12:01

PANews reported on November 9th that Re7 Labs released a report on the impact of xUSD de-pegging, indicating that over $13 million in funds were affected by Stable Labs. The report stated:

1. Stream-xUSD: Stream's CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC held in Re7 Labs' vault on Worldchain. Meanwhile, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the Euler Earn vault's supply queue.

2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began to reduce their risk exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets that included xUSD, deUSD, and sdeUSD. Currently, all borrowing positions using sdeUSD as collateral have been fully repaid on Plume.

3. Stable Labs-USDx and SUSDx: We communicated with Stable Labs CEO Flex this week and found that he may be in trouble. We have asked him to deposit liquidity so that users can close their positions. The funds affected by Stable Labs are approximately $13,114,000 and we have not yet received a response.

Re7 Labs stated that it is seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the incident.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.