BREAKING 🚨
Flash loan attacks have siphoned $1.2 billion from DeFi platforms across 72 incidents since February 2020.
The Journal of Financial Crime study tracks exploits through July 2024, highlighting a surge in sophisticated borrowing tricks. Vulnerable protocols suffered massive liquidity drains, prompting tighter audit standards. Industry leaders warn the trend could erode investor confidence if defenses lag. 🔥
$GLMR $NMR
Flash loan attacks have siphoned $1.2 billion from DeFi platforms across 72 incidents since February 2020.
The Journal of Financial Crime study tracks exploits through July 2024, highlighting a surge in sophisticated borrowing tricks. Vulnerable protocols suffered massive liquidity drains, prompting tighter audit standards. Industry leaders warn the trend could erode investor confidence if defenses lag. 🔥
$GLMR $NMR