Tag: flash loans

Jun 01 2021

Binance Smart Chain Announces Flash Loan Hacks, Calls For Actions

The controversial Binance Smart Chain is back on the news. Apparently, the Dapps it hosts have been the target of eight flash loan hacks in the last few days. Unofficially, it’s rumored that the amount lost is close to a whopping one billion dollars. Binance thinks “well organized hackers are targeting BSC now.” Twitter is skeptical, but that...

May 28 2021

Apr 08 2021

Cream Finance Launches Cross-Protocol Flash Loans

Cross-protocol flash loans are coming to Cream Finance. Protocol-to-Protocol Flash Loans on Cream Finance The lending protocol will allow other protocols to borrow from its pools through its Iron Bank feature....

Feb 13 2021

Cream Finance Drained of $37.5 Million in Major Exploit

Cream Finance was drained of $37.5 million earlier this morning. Cream Finance Exploited The DeFi space has suffered yet another attack. This time, the Cream Finance protocol was affected. The team confirmed that it was investigating "a potential...

Alpha Finance Suffers $37.5 Million Loss in Major Attack

An attacker targeted DeFi protocol Alpha Finance for a sum of $37.5 million earlier this morning. The exploit was found in the protocol's Alpha Homora V2 product--not Cream Finance, as many suspected. Another DeFi Exploit The DeFi space has suffered yet another attack. ...

Jan 07 2021

Origin Protocol Relaunches Stablecoin Following Hack

Origin Protocol suffered a devastating flash loan attack in November, resulting in $7 million worth of losses. Now, the team has relaunched its stablecoin, OUSD, which was affected by the incident. Origin Revamps Stablecoin Origin Protocol allows DeFi users to capture yield on their holdings in Tether (USDT),...

Dec 10 2020

The 20 Crypto Events That Defined 2020

However you look at it, 2020 was a year of seismic change for the crypto industry and beyond. The Black Swan that swept the world caused immense devastation, upending life for millions of people on every corner of the globe. To date, Coronavirus has claimed over 1.5 million lives, to say nothing of the economic...

Nov 18 2020

DeFi Exploits Can’t Be Pinned on Flash Loans, Industry Leaders Say

Nov 18 2020 Published at CoinDesk under tags  defi exploits flash loans tech

DeFi’s novel flash loan products aren't to blame for the recent string of exploits, industry leaders say.

Nov 17 2020

Origin Protocol Emptied of $7 million in Yet Another Flash Loan Attack

Nov 17 2020 Published at Crypto Briefing under tags  analysis flash loans origin protocol

Origin Protocol has been drained of $7 million. The incident occurred late last night as part of a sophisticated attack involving a 70,000 ETH flash loan. Origin's co-founder Matthew Liu...

Origin Protocol Loses $3.25M in Latest Flash Loan Attack: Reports

Nov 17 2020 Published at CoinDesk under tags  defi exploit flash loans news oracles

Blockchain project Origin Dollar (OUSD) has sustained an oracle manipulation attack. The attacker used flash loans to grab $3.25 million.

Nov 14 2020

Value DeFi Suffers $6M Flash Loan Attack

The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million.

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