Goldfinch suffered its third default, Lend East defaulted on $5.9 million when the loan matured

According to BlockBeats, on April 7, the crypto lending platform Goldfinch has suffered its third default, and the affected users called on Goldfinch to take funds from the protocol's $107 million treasury for repayment. The borrower Lend East had previously obtained a loan worth $10.15 million through the support of Goldfinch users. Currently, Warbler Labs, the parent company of the Goldfinch protocol, is hiring external legal counsel to explore all rights and remedies available to the community to maximize recovery. The Lend East incident is the third default suffered by Goldfinch protocol users since it began operations in January 2021. Previously, Warbler Labs said on April 1 that Lend East would only be able to repay about $4.25 million in loans, and said it expected Lend East to default on $5.9 million when the loan expired on April 3.