Flash Loan Attack
| Flash loan attacks are a type of exploit that can be used to make a profit. These attacks take advantage of a smart contract in order to get the funds that they need. In order to carry out a flash loan attack, the attacker will first need to find a vulnerable smart contract. Once they have found a vulnerable contract, they will need to send a request for a loan to the contract. The request will need to be for a large amount of money. Once the loan has been approved, the attacker will then have a short period of time to use the funds from the loan. After the time period has expired, the attacker will need to repay the loan. If the attacker is unable to repay the loan, they will be at a loss. |
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