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Crypto Insider Says Flash Loans Threaten DeFi As Hackers Steal Nearly $1 Million in Ethereum …

Crypto Insider Says Flash Loans Threaten DeFi As Hackers Steal Nearly $1 Million in Ethereum (ETH) | The Daily Hodl

Flash attacks on decentralized finance (DeFi) platforms will be the new normal, according to Haseeb Qureshi, managing partner at Dragonfly Capital, a cryptocurrency venture fund. In the wake of consecutive attacks on Ethereum-based DeFi platform bZx, industry insiders are rethinking how the decentralized finance movement, which allows users to engage in tokenized margin trading and lending, will wrestle with bad actors who are able to exploit holes in the system.




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