February 27, 2020, 9:35AM EST
• 6 min read

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

Quick Take

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

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