Onchain data shows WLFI deposited 5 billion of its own tokens as collateral to borrow stablecoins it then sent to Coinbase Prime, pushing a lending pool to 100% utilization and leaving depositors unable to withdraw.
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Onchain data shows WLFI deposited 5 billion of its own tokens as collateral to borrow stablecoins it then sent to Coinbase Prime, pushing a lending pool to 100% utilization and leaving depositors unable to withdraw.