SUI/USDC Collateral & Lending (AlphaLend) Misclassified as Trade with Inflated Cost Basis Value & Gains
complete
H
High Porpoise
What is the issue?
SUI transaction involving AlphaLend and Turbos is being auto-classified as a Trade, with the SUI leg showing extremely small amounts but generating inflated cost basis/proceeds/gains.
This results in massive, incorrect gains/losses, unrealized return and cost basis instead of reflecting a lending/borrowing transaction with a standard SUI gas fee.
Who is affected?
Users who participate in SUI and USDC lending on AlphaLend and Turbos Finance lending pools.
As a user, what should I do?
You can upvote this forum post if you are experiencing similar issues. The status of the post will be updated to Complete once a solution has been implemented. Those who have upvoted will be notified of the update.
Keywords: SUI DeFi, AlphaLend, Turbos Finance, misclassified trade, inflated cost basis, incorrect gains/losses, SUI gas fee, lending borrow transaction, lending pool
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M
Modern Frog
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complete
Thank you for your patience as we worked on resolving this issue. The reported behavior has now been addressed. To ensure everything is updated, please re-import your data into CoinTracker using the Re-import feature.
If you continue to notice any issues, we recommend
contacting our support team directly
for further assistance. Additionally, please make sure view access
is enabled in your account settings, which helps us troubleshoot effectively.We truly appreciate your patience and cooperation!
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