Hackers attacked decentralized exchange (DEX) QuickSwap today, making away with $220,000 in a flash loan exploit. The DEX said Monday that it had closed QuickSwap Lend, its lending protocol, following the exploit. It added that the only platform hit by an exploit was its Market XYZ lending market. Users also didn’t lose any funds, according to the DEX. Flash loans, popular in the world of DeFi (decentralized finance), allow crypto users to take out instant loans without collateral. QuickSwap Lend is closing $220k was exploited in a flash loans attack due to a vulnerability wit ...
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