TechFlow reports that on May 1, the DeFi project Carrot announced it would cease operations due to the significant operational impact caused by the Drift vulnerability exploit. Carrot has set May 14 as the deadline for users to withdraw their remaining funds from Boost, Turbo, and CRT. After this date, the platform will begin deleveraging its system—reducing all leverage to zero—to free up liquidity for CRT redemptions. Carrot stated that user-deposited funds remain the property of the users; should Drift pursue any subsequent recovery measures, the related funds will still be distributed in accordance with prior announcements.
Add to Favorites
Share to Social Media
