Learn more about the Colend scam
The accusations surrounding a "scam" in Colend (also stylized as cLEND or Colend.xyz), the primary native lending and borrowing protocol on the Core blockchain (CoreDAO), stem primarily from community outrage in late 2025 and early 2026. Colend is officially positioned as a decentralized BTCFi (Bitcoin Finance) lending platform, allowing users to supply assets (like CORE, stCORE, BTC variants, stablecoins) to earn yield and borrow against collateral in a non-custodial way. It was promoted heavily by CoreDAO as a key DeFi primitive for the ecosystem. Core Allegations The main claims revolve around alleged manipulation and exploitation of the protocol during a period of high volatility and price drops in CORE (the native token), particularly around November 2025 onward: Massive CORE Deposits from Core-Controlled Addresses — Addresses reportedly linked to the Core Foundation / treasury (or "CoreDAO governance") deposited very large amounts of CORE and stCORE (hundreds...