Fantom-based DeFi lending protocol Scream caused $35 million in bad debts after failing to adjust the prices of two de-pegged USD stablecoins. The two stablecoins are Fantom USD (FUSD) and Dei (DEI). Both stablecoins are still quoted at $1, according to data from the Scream dashboard. However, their trading prices have been severely de-pegged. Among them, FUSD fell to $0.69, and DEI fell to a low of $0.52. Whale players took advantage of this situation to deposit large amounts of FUSD and DEI...
