Winchester researcher identifies new wave of cybercrime costing billions

Winchester researcher identifies new wave of cybercrime costing billions

Flash loans allow individuals to borrow large amounts of cryptocurrency without collateral, provided the loan is repaid within a single blockchain transaction.

Flash loan attacks drained $1.211 billion from DeFi, University of Winchester study finds

A University of Winchester study finds flash loan attacks cost DeFi $1.211 billion from 2020 to 2024, with exploits growing harder to predict.

Flash Loan Attacks Drained $1.2B From DeFi Between 2020 and 2024: Study

Attacks grew more sophisticated and less predictable over the period, according to researchers who scanned more than 20 billion transactions.

Winchester researcher identifies new wave of cybercrime | #cybercrime | #infosec - National Cyber Security Consulting

The attacks, targeting decentralised finance (DeFi) platforms, have already resulted in billions of dollars in losses, according to research co-authored by Professor Tim Hall of the University of Winchester. The study, published in the Journal of Financial Crime, identified 254 successful attacks on the DeFi ecosystem between February 2020 and July 2024, totalling $6.568 billion […] Thank you for subscribing to our RSS feed!