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BREAKDOWN: Is It Exploitation Season for DeFi?

Author
CoinDesk
Published
Tue 18 Feb 2020
Episode Link
None

Part of what makes DeFi interesting to people is how it takes advantage of open source protocols to enable types of transactions never before available. The problem, however, is that financial structures mean new financial vulnerabilities.
In the last few days, two attacks on bZx have used a similar strategy of manipulating the price of synthetic assets in the context of a new instrument called 'flashloans'. On this episode of @nlw breaks down exactly 

How the attacks were carried out 

How the community is responding 

What the larger ramifications for DeFi might be

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