Flash Loans are enabling ordinary cryptocurrency enthusiasts to walk away with hundreds of millions of dollars in profits made in minutes by exploiting weaknesses in DeFi contracts and systems. That is a known fact for several years now. But is it, in the end, good for DeFi for this to happen? Depending on what side of...Read More
An attack on the Cream Finance smart contract has been successfully completed. The attacker executed a flash loan to exploit a vulnerability in the way Cream Finance calculates asset values, to walk away with a cool $117 million in profit. The developers behind Cream Finance scrambled to fix the bug, trying to prevent more attacks on...Read More
The NFT market can sometimes be crazy. But half a billion dollars of crazy? That’s next level. Headlines were immediately hitting the wires about a $500 million purchase of a CryptoPunk NFT. It would be the highest value ever given to any NFT, by a very wide margin. But was it all as it appeared? A...Read More
Flash Loans are a new development in Decentralized Finance (DeFi) and one that is proving particularly lucrative to cryptocurrency holders. Advanced users discovered that it is possible to use smart contracts to exploit temporary differences in the prices of assets. In the old finanical system this was called arbitrage. Arbitrage In the legacy financial world of...Read More
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FlashLoans.ai is a flash loan generator based on machine learning and artificial intelligence. You can execute a flash loan with no coding experience.