Bitcoinist
2021-06-15 10:58:03

DeFi’s ‘Flash Loan’ Crisis Worsens, Algorithms to the Rescue

Pancake Bunny, BurgerSwap, Belt Finance — What do these three protocols have in common? Apart from them being DeFi-based, they all have been victims of flash loan attacks in the past month. Based on data estimates, nearly $167 million has been siphoned in May 2021 by perpetrators who have leveraged zero-collateral loans to the T. […]

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