Flash Loan Attack

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Flash Loan Attack

What is Flash Loan Attack?

A flash loan attack is a misuse of a platform’s smart contract security in which an attacker often borrows large sums of money without putting up any security. They then influence the price of a cryptocurrency asset on one exchange before selling it as soon as possible on another.
The strike is quick, and the assailant repeats the attack several times before concluding and vanishing into the air.

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