Flash Loan Hacks in DeFi: The KyberSwap Exploit and Its Implications

The recent hack of KyberSwap, a decentralized exchange (DEX), resulted in a significant loss of around $48 million, affecting its concentrated liquidity protocol, KyberSwap Elastic. Here's a breakdown of what happened.

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What is a Flash Loan?. Flash Loans are a new invention in the…, by CertiK