🌎 Sources: dwccaution

⚠️ JUST IN : Flash loan exploits caused approximately $1.2 BILLION in losses across 72 incidents between February 2020 and July 2024, according to a Journal of Financial Crime study.

More than 80% of the losses occurred on @ethereum, highlighting how deeply flash-loan exploits have affected one of the largest DeFi ecosystems.

Several well-known protocols were hit by major incidents, including @eulerfinance, which suffered losses of around $197 MILLION, while @BeanstalkFarms lost roughly $181 MILLION in a flash-loan-driven governance attack

@ConeticNews