
The DeFi protocol Goldfinch (@goldfinch_fi) is reportedly winding down operations following the mismanagement of over $53 million in principal, with the $GFI token down 99% and facing potential delisting. Visual data confirms that out of eight active loan portfolios—including Almavest Baskets, Cauris, and Lend East—two are in default and six are undergoing restructuring. While the official dashboard cites a 19.95% loss rate, investor sentiment suggests actual losses are closer to 70% as the project enters a "wind down" phase.

By CookerFlips
Founder @PastelAlpha DM web3ven on TG for Business https://t.co/jbAhfPZc99 https://t.co/u1zxjxFwrb https://t.co/2n0nA3u654