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Iron Finance Bank Run Collapse

Depeg
Iron Finance • IRON
Date
June 16, 2021
Est. Loss
$2.00B
Chain
polygon
Direct vault exploit
No

Taxonomy (scoring alignment)

Category: stablecoinMechanism: insolvency cascadeMaps to: depeg, asset, stablecoin_class_risk
Affected assets: IRON, TITAN
Algorithmic stablecoin death spiral. Bank run triggered TITAN crash; IRON lost peg. Early example of algo-stable vulnerability.
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