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'Sorry for spreading a rumor', says podcaster on Lido's FUD

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Co-founder of content studio Bankless David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms, including the decentralized finance protocol Lido Finance. "Carpet bombing" was a reference to an allegedly flood of well notices sent to crypto firms last week, Hoffman was told by a source.

He shared the unverified information on March 3 during the Bankless Show podcast. “Many wells notices have been issued to many of the DeFi apps. [...] Wells notices have got shot out across the industry in the last week.

It has not come to light yet,” he said, before noting that “I think Lido got one.”On the same day, Hoffman clarified on Twitter that Lido had denied the claim and apologized for naming the protocol in the rumor. "Lido doesn't deserve to be focused on specifically here," he said, before reiterating that unannounced wells notices had been sent to crypto companies:The rumor led to nearly a 20% decrease in the Lido DAO (LDO) token price on March 3, according to CoinMarketCap data.

Lido Finance did not respond immediately to Cointelegraph's request for comment.Update on the "Wells Notice Carpet Bombing" statements in the Weekly RollupI checked in with my source, and have some clarifications to make.

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