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Flash Loan
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Research shows: DeFi flash loan attacks caused $1.211 billion in losses between 2020 and 2024.
New research published in the Journal of Financial Crime by Tim Hall, a professor at the University of Winchester, and Remo Stieger, former partner at SyntiFi, reveals that decentralized finance (DeFi
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Furucombo: Ethereum DeFi Aggregator and Flash Loan Application Analysis
Furucombo is a decentralized finance (DeFi) aggregator based on Ethereum, allowing users to build complex on-chain strategies without programming through an intuitive drag-and-drop interface, particularly simplifying the utilization of Flash Loans. Flash Loans, a form of uncollateralized lending, require borrowing and repayment within a single transaction, offering innovative tools for arbitrage and collateral management. However, Furucombo experienced a security attack in 2021, resulting in fund losses. Currently, the market activity of its native token, COMBO, is extremely low, with trading volume near depletion, and its Total Value Locked (TVL) has fallen to zero.
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Cream Finance: Offered a bug bounty to an attacker after a flash loan attack in 2021.
Decentralized lending protocol Cream Finance experienced multiple major flash loan attacks in 2021, resulting in cumulative losses of tens to hundreds of millions of dollars in assets. In response to these security incidents, the Cream Finance team adopted proactive strategies, including pausing affected markets, collaborating with security firms to fix vulnerabilities, and repeatedly offering public bug bounties of up to 10% to attackers to encourage the return of stolen funds. These incidents and their subsequent handling deeply reflect the early challenges in smart contract and oracle security within the DeFi space.
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SashimiSwap Project Retrospective: A DEX That Once Aimed for Fairness and Its Current State
SashimiSwap is a decentralized exchange (DEX) launched in 2020 and developed by the aelf team. It aims to achieve a “fairer” token distribution by distributing SASHIMI tokens through 100% liquidity mining. The project once attracted a significant amount of liquidity but suffered a flash loan attack in late 2021, resulting in a loss of approximately $210,000. Since then, activity on SashimiSwap has declined significantly, and it is currently in a state of near-stagnation. Liquidity mining is no longer active, and users are advised to exercise caution.
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Approximately $1.1 million Was Stolen in an Attack on Allbridge Core on Solana
Svmuu News: According to Onchain Lens, Allbridge Core was attacked on Solana. The attacker borrowed $1.12 million in USDC via a Kamino flash loan, then quickly exchanged USDC for USDT, distorting the
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Research shows: DeFi flash loan attacks caused $1.211 billion in losses between 2020 and 2024.
New research published in the Journal of Financial Crime by Tim Hall, a professor at the University of Winchester, and Remo Stieger, former partner at SyntiFi, reveals that decentralized finance (DeFi
-
Approximately $1.1 million Was Stolen in an Attack on Allbridge Core on Solana
Svmuu News: According to Onchain Lens, Allbridge Core was attacked on Solana. The attacker borrowed $1.12 million in USDC via a Kamino flash loan, then quickly exchanged USDC for USDT, distorting the
-
Furucombo: Ethereum DeFi Aggregator and Flash Loan Application Analysis
Furucombo is a decentralized finance (DeFi) aggregator based on Ethereum, allowing users to build complex on-chain strategies without programming through an intuitive drag-and-drop interface, particularly simplifying the utilization of Flash Loans. Flash Loans, a form of uncollateralized lending, require borrowing and repayment within a single transaction, offering innovative tools for arbitrage and collateral management. However, Furucombo experienced a security attack in 2021, resulting in fund losses. Currently, the market activity of its native token, COMBO, is extremely low, with trading volume near depletion, and its Total Value Locked (TVL) has fallen to zero.
-
Cream Finance: Offered a bug bounty to an attacker after a flash loan attack in 2021.
Decentralized lending protocol Cream Finance experienced multiple major flash loan attacks in 2021, resulting in cumulative losses of tens to hundreds of millions of dollars in assets. In response to these security incidents, the Cream Finance team adopted proactive strategies, including pausing affected markets, collaborating with security firms to fix vulnerabilities, and repeatedly offering public bug bounties of up to 10% to attackers to encourage the return of stolen funds. These incidents and their subsequent handling deeply reflect the early challenges in smart contract and oracle security within the DeFi space.
-
SashimiSwap Project Retrospective: A DEX That Once Aimed for Fairness and Its Current State
SashimiSwap is a decentralized exchange (DEX) launched in 2020 and developed by the aelf team. It aims to achieve a “fairer” token distribution by distributing SASHIMI tokens through 100% liquidity mining. The project once attracted a significant amount of liquidity but suffered a flash loan attack in late 2021, resulting in a loss of approximately $210,000. Since then, activity on SashimiSwap has declined significantly, and it is currently in a state of near-stagnation. Liquidity mining is no longer active, and users are advised to exercise caution.
Flash Loan
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NVIDIA Earth-2 Open Models Deployed Across Europe for Weather and Climate Prediction
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