/biz/ - Business & Finance

>>55135310
>So that’s what flash loans were, luckily for us and for our users, Chainlink networks have resisted flash loans. I am seeing more and more various attack vectors popping up because I think people are realizing that if you can’t crack the contract, you want to crack the systems that control the contract, the systems that create valuable inputs and very valuable connections between the contracts, namely oracle networks. One of the attacks that I've uhh rece...witnesly started to... uhh recently started to witness and see start happening is what i'm calling the wolf in sheep’s clothing attack. So basically you have a few people who are making oracles now, and they’re saying “I’m a nice reliable oracle, you can trust me.” But really, they are wholly owned by a trading firm or a hedge fund or maybe they’re just a private trader themselves. And then what they’re doing is they’re going out, they’re presenting this oracle and saying “Hey, I’m a nice reliable oracle, please let me completely control your market. I’m nothing like the FTX Alameda scam, nothing like that here. I’m such a nice guy.” But then it turns out that the nice guy is a PSYCHOPATH who only wants to steal money from the protocol.