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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.

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)