The cryptocurrency lending industry has been booming lately, with the options to borrow against holdings or earn interest by making loans becoming easier to find. But the interest rates seem too good to be true.
MIT’s Stuart Madnick says blockchain’s biggest strengths can also be weaknesses
Poloniex exchange lenders lost $14.4 million to flash crash decentralization made possible
An MIT professor’s June 6 warning about some of blockchain’s vulnerabilities came too late for margin lenders on U.S. cryptocurrency exchange Poloniex, who lost nearly $14.4 million in bitcoin to a flash crash early last week.