Pancake Bunny (BUNNY) Sunk down in split second, the attacker leaves a note
The most recent prey in the loop of flash loan attacks targeting the decentralized finance (DeFi) industry’s one of its most significant players, PancakeBunny (BUNNY).
Binance Smart Chain-based DeFi token Pancake Bunny (BUNNY) declined massively after the flash loan attack. An extensive 700K BUNNY coins were liquidated and sold into BNB and ETH.
Flash Loans are a modern kind of monetary primitive that permits clients to open unsecured loans with the sole specification that the passage will be paid back within the same transaction or reverts. It’s a critical takeoff from conventional DeFi loaning, which frequently requires a client to over-collateralize a loan upfront.
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