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Hackers steal $130M from Cream Finance

• nhayfield 5y ago
  i mean this isn't even a hack. they just used normal trading.
• RobLach 5y ago
  What's the hack? Isn't this just an intrinsic risk of flash loans. Being left holding the bag when a borrower runs away is what collateral protects against. Remove collateral and put no effective limits on the loans a borrower can make and that borrower can run off with the whole bank.
  • cowvin 5y ago
    What's a flash loan? They just lend you money with no collateral?
    • RobLach 5y ago
      You get a loan with the idea that it will be paid off quickly by the end of a chain of transactions.