Security· ★★★· bearish·

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

  • —72 flash loan attacks out of 254 successful DeFi attacks in the period
  • —Total DeFi losses hit $6.568 billion, with flash loans at 18.44%
  • —More than 80% of flash loan losses occurred on Ethereum
  • —Logic exploits rose from 28% to 55% of flash loan losses by 2024
Why it matters: The study shows flash loans remain a systemic risk for DeFi, while the shift toward logic exploits makes protocol defenses harder.
#ETH
Source: Decrypt
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