According to an announcement from Suilend, the price of IKA surged from $0.04 to $0.47, leading to the liquidation of some loans at the inflated valuation, resulting in a market shortfall of approximately $379,000. This loss has been borne by IKA depositors, with each depositor's balance reduced by approximately 6%. IKA lending has been suspended, and funds in other markets on the platform are considered safe.