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TechFlow reports, NFT lending protocol ParaSpace tweeted that between July 3 and July 4, a small number of users' assets were liquidated at prices below floor price. ParaSpace has contacted affected users and compensated the price difference. This occurred because Dutch auctions were running in the backend without displaying the assets being auctioned on the frontend. When liquidation was triggered, a successful NFT purchase would terminate the auction.
NFT lending protocol ParaSpace tweeted that between July 3 and July 4, a small number of users' assets were liquidated at prices below floor price. ParaSpace has contacted affected users and compensated the price difference. This occurred because Dutch auctions were running in the backend without displaying the assets being auctioned on the frontend. When liquidation was triggered, a successful NFT purchase would terminate the auction.
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