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A comment on DeFi bug accidentally gives $90M to users. Parent comment

Re:DeFi bug accidentally gives $90M to users by ajb on Friday October 01, 2021 @05:19PM (#28723488)
It's still not the same as an old school bank run. The UK government guarantees the first £85000* of each depositors money (those with more are well advised to split it across multiple banks)

* It was somewhat less in 2007

[ Parent | on HN ]
Re:DeFi bug accidentally gives $90M to users by iso1210 on Saturday October 02, 2021 @08:29AM (#28728077)
As Channel 4 said at the time

> Deposit guarantees should prevent this. But even after an extraordinary unlimited lending facility granted by the Bank of England and agreed by the Chancellor, customers preferred the sight of real cash.

[ Parent | on HN ]