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Everything You Ever Wanted to Know About the DeFi 'Flash Loan' Attack

Here's a plain-English breakdown of the bZx attacks and their broader implications for the budding DeFi markets.

Updated Dec 11, 2022, 2:04 p.m. Published Feb 19, 2020, 10:50 p.m.
As the name implies, flash loans are paid back quickly – in the same transaction in which they are taken out. (Image via NASA)
As the name implies, flash loans are paid back quickly – in the same transaction in which they are taken out. (Image via NASA)