Hackers steal $130M from Cream Finance

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7 pointspinko4 comments

What's the hack? Isn't this just an intrinsic risk of flash loans.

Being left holding the bag when a borrower runs away is what collateral protects against. Remove collateral and put no effective limits on the loans a borrower can make and that borrower can run off with the whole bank.

What's a flash loan? They just lend you money with no collateral?

You get a loan with the idea that it will be paid off quickly by the end of a chain of transactions.

i mean this isn't even a hack. they just used normal trading.

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