MEV Capital's TVL on Morpho Experiences Significant Decline

According to Odaily, Cody_DeFi recently shared on the X platform that MEV Capital has seen a rapid decrease in its total value locked (TVL) on Morpho. Some pools have experienced a drop to just one-tenth of their peak TVL. MEV Capital has recently initiated the clearing of bad debts related to certain stablecoins, opting to distribute the losses among depositors.