Flash Loans News

The U.S. Department of Justice arrested a security engineer on wire fraud charges, alleging he stole $9 million worth of crypto from an unnamed decentralized cryptocurrency exchange.

An arbitrage bot flash loaned $200 million worth of the dai stablecoin from MakerDAO on Wednesday, making a $3.24 profit after transaction fees.

Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg.

The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

Flash loans have become a primary attack vector for malicious actors looking to exploit DeFi protocols, and they are on the rise. The post How Flash Loans Have Become a Bane of The Crypto World appeared first on BeInCrypto.

Don’t miss your chance to acquire the armor сhest at a much lower price. It will serve you in future battles and more. WHAT’S BEARVERSE FLASH SALE? The first Bearverse Flash Sale wave sold 50 mystery boxes at 1 NEAR each. While the players had no...

Ooki is bringing Ooki version 2.0 to Ethereum along with all the latest features enabled by dynamically adjusting interest rates. Following the successful passage of the OOIP-11 on-chain vote the Ethereum deployment has been upgraded to use the...

Flash loan is a rather new lending instrument that has made its way into many decentralized finance (DeFi) protocols. Debuting in 2020 on Aave, crypto flash loans allow advanced users to instantly borrow large sums of crypto without having to...

Bitcoin prices have slumped hard since surging to a new all-time high on Nov 10, and the usual culprits appear to be the catalyst for the fall yet again. The post Leveraged Derivatives Traders Liquidated in $5,000 Bitcoin Flash Crash appeared first...

Cream Finance has suffered yet another flash loan exploit, its third of the year, this time losing $130 million. The attacker used the lending markets on Ethereum C.R.E.A.M v1 to manipulate the price of yUSD and make off with the funds. The post...