News Is It Exploitation Season for DeFi?

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**Những bài viết liên quan:**

* [Tài chính phi tập trung (defi) là gì?] (Https://www.investopedia.com/terms/d/defi.asp)


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**DeFi: What Are the Risks of Flash Loans?**

Decentralized finance (DeFi) is a rapidly growing field that offers new opportunities for financial transactions. However, it also introduces new risks, as seen in two recent attacks on the BZX protocol.

In these attacks, hackers used a technique called "flash loans" to manipulate the price of synthetic assets. Flash loans are a type of uncollateralized loan that can be repaid within the same block on which they are taken out. This makes them very powerful, but also risky, as they can be used to exploit arbitrage opportunities or to attack other DeFi protocols.

The two attacks on BZX used a similar strategy. In both cases, the hackers borrowed a large amount of money using flash loans, then used that money to buy up a large amount of a synthetic asset. This caused the price of the asset to increase, and the hackers then sold it at a profit.

The BZX attacks have highlighted the need for more security measures in DeFi protocols. Flash loans are a powerful tool, but they can also be used for malicious purposes. It is important to ensure that DeFi protocols are properly protected against these types of attacks.

**Related Articles:**

* [What is Decentralized Finance (DeFi)?](https://www.investopedia.com/terms/d/defi.asp)
* [Flash Loans: A New DeFi Risk](https://www.coindesk.com/flash-loans-new-defi-risk)
* [The BZX Attacks: A Look at the Risks of Flash Loans](https://www.theblockcrypto.com/post/104511/the-bzx-attacks-a-look-at-the-risks-of-flash-loans)
 
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