Is there any explanation or sensible reason for this situation??

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Hacker hacks uwulend, steals crv from uwulend, creates a very dangerous position on llamalend, which then gets liquidated and causes a decrease in crv price which further exacerbates the situation and causes some large positions that are very hard to liquidate to be stressed.

Jana
nothing to do with uwulend hack

Just my personal opinion that it was the trigger to the cascades we observed.

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