[Re7 Labs Releases xUSD Depeg Impact Report, Funds Affected by Stable Labs Exceed $13 Million]
Re7 Labs has released the xUSD depeg impact report, indicating that the total funds affected by Stable Labs amount to approximately $13,114,000, with no response received as of now. The report shows that some Stream-xUSD borrowing positions have been repaid, and Re7 Labs has transferred funds from the xUSD market within the Earn vault, adjusted the xUSD market cap to 0, and removed its supply queue. Regarding Elixir-deUSD and sdeUSD, Re7 Labs has reduced risk exposure to Stream and Elixir and completed the repayment of borrowing positions using sdeUSD as collateral. After communicating with Stable Labs CEO Flex, it was discovered that there might be issues, and Re7 Labs has requested liquidity deposits to allow users to close positions. Additionally, they stated that they are seeking legal advice to formulate countermeasures.