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MRGN Mayhem. Chaos rocked Solana’s second-largest lending protocol yesterday, leaving in its wake a slew of perturbed users and a high-profile resignation. Should you be rushing to withdraw your funds?
Staking protocol SolBlaze initiated the drama, publicly accusing marginfi of acting in bad faith and violating BLZE emissions guidelines by failing to distribute user incentive allocations over a period of three weeks and selling airdrop allocations intended to allow marginfi to participate in SolBlaze governance despite attempts to contact the team.
MRGN Group co-founder MacBrenna Peet bluntly expressed his disagreement with the allegations, labeling it a “very unfortunate hit piece.”
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