Jupiter's Chief Operating Officer admitted that its lending product, Jupiter Lend, falsely claimed to have "zero risk of infection."

Huoxun Finance reported on December 7th that, according to The Block, JupiterExchange COO Kash Dhanda recently responded to community concerns about its lending product JupiterLend, acknowledging that claims in previously deleted social media posts regarding the "zero contagion risk" of JupiterLend vaults were inaccurate. Some previous Jupiter social media posts promoted JupiterLend vaults as having "isolated risks," with one post claiming that isolated vaults "mean that there is no cross-infection between trading pairs, thus eliminating any risk of contagion." After sparking controversy, the Jupiter team deleted the post containing the latter statement. In a video posted on the X platform, Dhanda stated, "These vaults are indeed isolated." However, he also acknowledged that JupiterLend uses recollateralized assets. Last week, Solana lending platform Kamino blocked JupiterLend's migration tools due to concerns that Jupiter was misleading users about its risk model. Kamino's co-founder also criticized Jupiter's claims of vault isolation in a post on the X platform.