Compound Suspends Ethereum Lending Markets After $93 Million Liquidity Loss

Compound Finance suspended its Ethereum-based USDC, USDS, and USDT lending markets on November 6 following a liquidity crisis involving Elixir's deUSD and sdeUSD stablecoins. Stream Finance reported a $93 million loss linked to the exposure, according to risk management firm Gauntlet. Withdrawals for USDC and USDS markets resumed the same day as Compound governance works to restore full operations.