-
Flash loans, flash attacks, and the future of DeFi
Decentralised Finance (DeFi) may seem a tempting option for those seeking financial gain, autonomy, and self-governance… But how safe is a world in which ‘code is law’? Closer inspection reveals an ecosystem experiencing several hacks, attacks, and fraud. Estimates show at least US$6.5 billion has been stolen since DeFi’s inception, and one particular DeFi feature is often at the centre of this theft – flash loans. Unlimited, ungoverned, and uncollateralised, flash loans give hackers the toolkit to highly leverage their potential attacks. The only cost is the gas fees required to send the transaction. In ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From cmegroup.com|May 25, 2023All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author ...
-
From nar.realtor|May 25, 2023Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All ...
-
From theblock.co|May 25, 2023Binance's NFT marketplace has introduced a new feature that enables users to borrow cryptocurrencies using NFTs as collateral, marking its entrance into the NFT lending space. The ...
-
- Newer Stories
-
From omfif.org|May 25, 2023Central bank digital currencies are often used to pay salaries during the initial stages of implementation and as early use cases. While the sand dollar in the Bahamas was the ...
-
From youtube.com/bloombergtechnology|May 25, 2023Ola Doudin, Co-Founder & CEO of BitOasis and Yat Siu, Co-Founder & Executive Chairman of Animoca Brands, discuss what’s next for Blockchain technology with Bloomberg’s Caroline ...
-
From bnnbloomberg.ca|May 25, 2023For all the concern about the US dollar losing its dominance in international trade and the finance world, Moody’s Investors Service has a message: the greenback will likely ...
- Story Stats
- Posted: May 25, 2023 10:50am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 60
