As an illustration, PeckShield claimed a number of occasions of flash loan attacks through which attackers exploited sensible contract flaws to siphon funds from DeFi protocols.
Elephant Money, a stablecoin platform that operates Along with the TRUNK token, observed alone within the mercy of a flash loan assault that manipulated a token cost oracle, leading to a $22.
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Carry out common stability audits: Typical security audits might help find vulnerabilities and flaws in DeFi protocols and correct them just before attackers exploit them. Audits must be executed by trustworthy third-celebration organizations with DeFi safety skills.
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Wrong or right, this certain click here assault vector is impressive, if only since it showcases how significantly attackers can go. It's easy to retrospectively think about the methods they employed and say bZx ought to have applied a distinct cost oracle to get its facts
Use trustworthy price oracles: Utilizing reliable pricing oracles is one of The key tactics in order to avoid flash loan attacks.
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