SEC Investigation Into Team Members of DeFi Protocol BarnBridge Causes Slump in Native Token
The U.S. Securities and Exchange Commission (SEC) is investigating team members of decentralized finance protocol BarnBridge. The protocol offers interest rate swaps for crypto platforms like Aave and Compound. BarnBridge had over 1.2 million locked tokens and held 500 million in user assets at its peak. The investigation has led to a 10% slump in BarnBridge's BOND tokens.
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SEC Investigation Into Team Members of DeFi Protocol BarnBridge Causes Slump in Native Token
The U.S. Securities and Exchange Commission (SEC) is investigating team members of decentralized finance protocol BarnBridge. The protocol offers interest rate swaps for crypto platforms like Aave and Compound. BarnBridge had over 1.2 million locked tokens and held 500 million in user assets at its peak. The investigation has led to a 10% slump in BarnBridge's BOND tokens.