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Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series of attacks that seem to be pointing to Binance Chain protocols due to their vulnerabilities. Belt Finance Loses $6.3 Million in Flash Loan Attack Belt Finance, a borrowing and loaning protocol that operates in the…

The post Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million appeared first on Technology Manias.

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