Imagine borrowing $1 billion. Using it to manipulate markets. Stealing $320 million. Returning the billion. And walking away with the profit.
Total time: 13 seconds.
This isn't hypothetical. This is a flash loan attack. And it's one of the most elegant, devastating, and mind-bending exploits in crypto history.
February 2020. An anonymous attacker executes one transaction. Borrows $360 million they don't have. Manipulates token prices across multiple exchanges. Drains $320 million from bZx protocol. Returns the loan. Disappears with the profit.
No collateral. No credit check. Just one atomic transaction.
In this video, I break down: → What flash loans are and why they exist → How price oracle manipulation works → The bZx attack: step-by-step breakdown → $2+ billion stolen using this technique → Why we can't stop it completely
Video 1: The $60M Typo — The DAO Hack Video 2: The Parity Wallet Freeze — $280M Locked by Accident Video 3: The Flash Loan Attack — Stealing Without Money (YOU ARE HERE) Video 4: The Wormhole Bridge Hack — $320M From Thin Air Video 5: The Ronin Heist — How North Korea Stole $600M
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You don't need money to steal money. You just need to understand the system well enough to manipulate it for 13 seconds.
Drop your thoughts: Should flash loans be banned? Or are they essential to DeFi? 👇
This video is for EDUCATIONAL and INFORMATIONAL purposes only.
- Content based on publicly available information - CaseBytes does not condone or encourage illegal activity - Information intended for cybersecurity awareness - Not legal advice or professional consultation
