MakerDAO Members Voting on a Safeguard Against BProtocol Flash Loan-Type Attack
The MakerDAO community is voting on a proposal to harden the protocol's governance structure against flash loan voting.
The scheme has become common in the fast-growing DeFi sector.
DeFi’s novel flash loan products aren't to blame for the recent string of exploits, industry leaders say.
Flash loan attacks have filched nearly $150 million from DeFi projects since 2020.
Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.
The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million.