Flash Loans, and Attacks – Explained
After five attacks and millions of dollars lost due to an exploit, this week we’re diving deep into the mechanism behind what made this possible: Flash Loans. Some called it a magnificent attack, some called it art. But there are other important questions to be asked: were the flash loan attack prevention, fake token attack…
By: Robin Schmidt • Loading...
DeFiAfter five attacks and millions of dollars lost due to an exploit, this week we’re diving deep into the mechanism behind what made this possible: Flash Loans. Some called it a magnificent attack, some called it art. But there are other important questions to be asked: were the flash loan attack prevention, fake token attack prevention, re-entrance attack prevention claims unwarranted? How can an audited protocol fall victim to this attack?
Advertisement
Get the best of The Defiant directly in your inbox 💌
Know what matters in Web3 with The Defiant Daily newsletter, every weekday
90k+ investors informed every day. Unsubscribe anytime.