How $100M Got Stolen From DeFi in 2021: Price Oracle Manipulation And Flash Loan Attacks Explainedby@zaryab2000
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How $100M Got Stolen From DeFi in 2021: Price Oracle Manipulation And Flash Loan Attacks Explained

March 11th 2021
12 min
by @zaryab2000 3,590 reads
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Year 2020 has undoubtedly been one of the most significant years in the history of Decentralized Finance. Total value locked in defi protocols has increased from $700 million at the inception of the year to $13.31 billion as of now. Price Oracle Manipulation or Flash Loan attacks wiped out millions of dollars by manipulating the price oracle oracle data. Such attacks can no more be overlooked by the manipulation of decentralized price oracles, i.e., the Price Oracle manipulation. In order to ensure utmost security in the Defi protocols that we are about to build in the future, it's extremely crucial for us to understand the entire procedure.

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