What is a Flash Loan Attacks?

Flash loans are made available very short-term, usually only for a few seconds or minutes. They are called "flash loans" because they are made and repaid quickly, like a flash of light. They are made possible by smart contracts on blockchains that execute transactions automatically. Flash loans have become a popular tool for attackers in so-called "flash loan attacks" on decentralized finance (DeFi) protocols. In these attacks, the attacker borrows a large amount of cryptocurrency using a flash loan, manipulates…