In the wake of its CEO’s resignation, Marginfi, a decentralized lending protocol on Solana (CRYPTO: SOL), has seen a substantial withdrawal of funds, totaling over $214 million.
What Happened: Edgar Pavlovsky, the founder and CEO of Marginfi, decided to step down due to internal disagreements and controversy. MarginFi confirmed Pavlovsky’s departure, citing a combination of personal reasons and internal operational conflicts, reported Decrypt.
See Also: Hold On To Your Dogecoin: It’ll Be The ‘First Meme Coin To Reach $100B market Cap,’ Says Trader
Following his resignation, MarginFi witnessed a significant outflow of funds, with ...