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

Written by zaryab2000 | Published 2021/03/11
Tech Story Tags: smart-contracts | security | defi | smart-contract-security | blockchain-technology | ethereum | hackernoon-top-story | defi-attacks-explained | web-monetization

TLDR 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.via the TL;DR App
no story
Written by zaryab2000 | Blockchain (Smart Contracts) Team Lead @ Push Protocol |Smart Contract Security Auditor |
Published by HackerNoon on 2021/03/11
ABOUTHow hackers start their afternoons. We publish tech stories and build publishing software.

READEntirely free library read by hundreds of millions to learn anything about any technology.

WRITEHackerNoon elevates quality technology writing far and wide across the interwebs.

PARTNERHackerNoon works directly with tech companies to place ads by content relevancy