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TheBlock
2020-02-27 14:35:21

After two attacks, Fulcrum lending pools show sign of bank run

Quick TakeTwo recent attacks may pose an existential threat to Fulcrum, a lending and margin trading platformAs news of the attacks spread, utilization rates on both the DAI and ETH pools spiked to 100%, preventing any further withdrawalsWith the Fulcrum insurance pool unable to immediately cover losses, lenders are incentivized to withdraw their capital as soon as possible