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The Block
The Block|Sep 30, 2026 09:26
THE BLOCK: Abracadabra ethereum:0x090185f2135308bad17527004364ebcc2d37e5f6 governance is considering an orderly wind-down of the protocol, with a proposal citing roughly $21 million in ethereum:0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3 bad debt. The proposal would liquidate recoverable collateral and distribute it to borrowers and MIM holders before shutting down the protocol.
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Sep 30, 08:57Iran confirms it has received a proposal from the U.S.
Sep 30, 07:55BAL holders approve the orderly shutdown plan

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