flashloan
1,173 views
5 Discussing
Hot
Latest
🚨 DeFi is "hit again"!
New Gold Protocol ($NGP) has just been attacked by hackers, losing about ~2 million USD. The perpetrator exploited a single-source oracle mechanism (getPrice() retrieves the price directly from Uniswap V2), using a flash loan to pump and dump reserves, causing the price of NGP to plummet to the "doomsday price". As a result: the hacker accumulated super cheap tokens, drained the pool, and then laundered money through Tornado Cash.
After the hack, the price of NGP crashed -88%, and liquidity nearly evaporated. This is just one of a series of recent DeFi attacks, highlighting the extreme risks when a project is overly dependent on a single-point oracle.
👉 Once again, the community is gently reminded: playing DeFi means accepting the thrill. 🚀😅
This article is for entertainment purposes only, not an investment or hacking participation recommendation!
#DeFiDrama #CryptoHack #FlashLoan #BlockchainSecurity #NGP
New Gold Protocol ($NGP) has just been attacked by hackers, losing about ~2 million USD. The perpetrator exploited a single-source oracle mechanism (getPrice() retrieves the price directly from Uniswap V2), using a flash loan to pump and dump reserves, causing the price of NGP to plummet to the "doomsday price". As a result: the hacker accumulated super cheap tokens, drained the pool, and then laundered money through Tornado Cash.
After the hack, the price of NGP crashed -88%, and liquidity nearly evaporated. This is just one of a series of recent DeFi attacks, highlighting the extreme risks when a project is overly dependent on a single-point oracle.
👉 Once again, the community is gently reminded: playing DeFi means accepting the thrill. 🚀😅
This article is for entertainment purposes only, not an investment or hacking participation recommendation!
#DeFiDrama #CryptoHack #FlashLoan #BlockchainSecurity #NGP
$3 Million $USDT FLASH LOAN: Vanished in a Single Atomic Transaction.
The Cold Hard Truth of DeFi Security.
The phrase "erased in a moment" isn't a figure of speech in crypto—it’s the reality of a flash loan exploit. These attackers don't need a vault key; they need a logic flaw.
The recent $8.4M exploit on Bunni is a prime example of this terrifying efficiency. The hacker's key move? Leveraging a 3 million $USDT flash loan to perform multiple quick swaps, exploit a rounding error in the smart contract, and drain the pool before the transaction could finalize. The entire sequence was a single, flawless, atomic operation.
Your Trading Takeaway:
This is a stark reminder that even blue-chip stablecoins like $USDT, when held in vulnerable protocols, are at risk. Our cardinal rule stands: Consistency and risk control are more important than any single big win.
You can't audit every line of code, but you can control your exposure.
Protocol Audit Check: Do you know the last time the DeFi protocol you're LPing into was audited?
Position Sizing: Dedicate only a small percentage of your portfolio to volatile, high-risk $DEFI trades.
Don't let a rounding error wipe out your portfolio. Is your position sizing ready for a "single-block disaster"?
#FlashLoan #DeFi #CryptoSecurity $USDT $ETH
The Cold Hard Truth of DeFi Security.
The phrase "erased in a moment" isn't a figure of speech in crypto—it’s the reality of a flash loan exploit. These attackers don't need a vault key; they need a logic flaw.
The recent $8.4M exploit on Bunni is a prime example of this terrifying efficiency. The hacker's key move? Leveraging a 3 million $USDT flash loan to perform multiple quick swaps, exploit a rounding error in the smart contract, and drain the pool before the transaction could finalize. The entire sequence was a single, flawless, atomic operation.
Your Trading Takeaway:
This is a stark reminder that even blue-chip stablecoins like $USDT, when held in vulnerable protocols, are at risk. Our cardinal rule stands: Consistency and risk control are more important than any single big win.
You can't audit every line of code, but you can control your exposure.
Protocol Audit Check: Do you know the last time the DeFi protocol you're LPing into was audited?
Position Sizing: Dedicate only a small percentage of your portfolio to volatile, high-risk $DEFI trades.
Don't let a rounding error wipe out your portfolio. Is your position sizing ready for a "single-block disaster"?
#FlashLoan #DeFi #CryptoSecurity $USDT $ETH
Trending
Arbitrage Trading & Profit from MEV BOT
Arbitrage is the strategy of instantly trading an asset (Example: Bitcoin) in different markets (exchanges) to profit from small differences in the asset's listed price. Traders can move between different exchanges looking for small differences in the prices of different assets.
There are price differences between exchanges
Observe that the BTC/USDT pair is trading on Binance at $26578.45, while the same BTC/USDT is trading on Bitfinex at $26575.46. That's a $2.99 difference. A trader can buy BTC on Bitfinex and sell on Binance for a profit of $2.99 dollars per BTC.
There are price differences between exchanges
Observe that the BTC/USDT pair is trading on Binance at $26578.45, while the same BTC/USDT is trading on Bitfinex at $26575.46. That's a $2.99 difference. A trader can buy BTC on Bitfinex and sell on Binance for a profit of $2.99 dollars per BTC.
🚨 URGENT: Is Makina Finance under attack? What is known at this moment
A large-scale incident has been recorded in the DeFi sector. The Makina Finance protocol, which manages assets worth over $100 million, has fallen victim to a complex attack using flash loans.
Analytical companies CertiK, PeckShield, and GoPlus Security report the following:
The hacker borrowed $280 million in USDC through a flash loan to manipulate the MachineShareOracle. The attack targeted the DUSD/USDC pool on the Curve platform.
Analytical companies CertiK, PeckShield, and GoPlus Security report the following:
The hacker borrowed $280 million in USDC through a flash loan to manipulate the MachineShareOracle. The attack targeted the DUSD/USDC pool on the Curve platform.
Flash Loan Frenzy! Smart Money Bags $263K in 10 Minutes with WLFI! 🚀
A massive shoutout to the quick-thinking Smart Money address 6ccDoT! This trading genius just pulled off an incredible feat, raking in a staggering $263,866 profit in less than 10 minutes using a Flash Loan on the WLFI strategy. Talk about efficiency!
This move highlights the insane speed and potential profits in the world of DeFi for those who know how to play the game. Keep your eyes peeled for more action like this!
#WLFI #FlashLoan #SmartMoney #DeFi #CryptoProfits
A massive shoutout to the quick-thinking Smart Money address 6ccDoT! This trading genius just pulled off an incredible feat, raking in a staggering $263,866 profit in less than 10 minutes using a Flash Loan on the WLFI strategy. Talk about efficiency!
This move highlights the insane speed and potential profits in the world of DeFi for those who know how to play the game. Keep your eyes peeled for more action like this!
#WLFI #FlashLoan #SmartMoney #DeFi #CryptoProfits
Login to explore more contents