https://medium.com/circle-trader/overview-of-btc-margin-lending-pool-losses-a2f0905aaa56Scary. I used to think lending money on Poloniex or Biftinex was safe. Not anymore.
Today, we recognized the generalized loss across lenders in the BTC margin lending pool. As a result, the principal of all active BTC loans as of 14:00 UTC today has been reduced by 16.202%.
So, if you were lending money on Poloniex, you've lost 16.202% of it... Man, that hurts!