There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports. The following Sunday, Bogged Finance saw $3 million exploited from a flash loan attack.
Pancakebunny Gets Hit by a Flash Loan Attack – $3 Million Drained
Ever since hackers leveraged flash loans to attack the defi margin trading protocol Bzx, flash loans have been a common attack in the defi world. Flash loans are a type of scheme that allows the issuance of loans within a single transaction or attack. Besides average people leveraging the flash loan construct for fun, malicious actors have found attack parameters in order to drain funds from defi projects.
This past week between a five-day period, there were two flash loan attacks that saw around $6 million in total taken from both projects combined.
Źródło: https://news.bitcoin.com/flash-loan-attacks-drain-2-binance-smart-chain-defi-projects-for-6-million/
