The post Re7 Labs is under fire for sharing a report summarizing the events of the past couple of days rather than providing a solution appeared on BitcoinEthereumNews.com. Re7 Labs, a DeFi risk curation and research arm of the London-based hedge fund Re7 Capital, has taken significant heat after releasing a lengthy thread on X, formerly Twitter, that contained its own version of events stemming from the Stream Finance insolvency. It called the post an “update regarding previous and ongoing efforts to address and mitigate” the current issues. However, rather than soothe already hot tempers, the post has backfired, triggering a new wave of criticism. Details from Re7 Labs’ post The long post from Re7 Labs details the steps the team has been taking to mitigate risk and, where feasible, to prevent or minimize potential losses. The post detailed things like what happened, the actions the team took afterward, and the current status of things in the xUSD Euler Markets, deUSD, and sdeUSD markets on Plume, and sUSDX and USDX markets on BSC. In all three cases, Re7 Labs claimed to have noticed something was wrong, even though no proactive action was taken until after the market crash. For example, with xUSD, it was not until after the market crash on October 10 that Re7 Labs’ due diligence had complaints that were so easily brushed aside with assurances from Stream’s CEO of stability. In Elixir’s case, the team let borrowing in Re7 Labs Euler Earn USDT0 vault on Plasma go on until it became uncomfortable, after which it allegedly asked Elixir to start to pay back some of the outstanding debt. Still, it was not until after it was found that Stream was borrowing against Elixir assets that the team took real action, introducing reduced caps and reallocated funds. Meanwhile, Elixir repaid the sdeUSD position on Plume by November 6, eliminating Re7-curated exposure. As for Stable Labs, the Re7 Labs team claimed to have caught discrepancies on November…