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Jupiter Lend, a major DeFi lending protocol in the Solana ecosystem, is experiencing delayed USDC withdrawals as market jitters following Binance’s $6.3 billion hack triggered a sharp liquidity squeeze, The Defiant reported.
According to an on-chain API snapshot, USDC deposit claims in Jupiter Earn totaled about 418.5 million USDC including accrued interest, while the balance available for immediate withdrawal fell to just 3.35 USDC. The report said a wave of large withdrawal requests amid broader market fear temporarily drained available liquidity from the lending pool.
Through its official channels, Jupiter said, “바이낸스에 직접 예치된 자금은 일절 없으며 익스포저는 0(제로)으로 모든 자금은 안전하다”. Jupiter said the bottleneck reflects a temporary liquidity shortfall caused by DeFi’s structural mechanics, with most deposits tied up in active loans through borrow and leverage products, rather than any transmission of exchange losses.