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Salute, everyone.
In this post I will be talking about defi - crypto loans protocol, we will tell you how we created a methodology to exploit a vulnerable crypto loans platform.
From words to business
Flash loan is a technology to get a loan against crypto tokens, to get it the lender has to post collateral to ensure a secure transaction, but what if we try to bypass the system ?
After running diagnostics on providers like
Revealed content
we found out that the bug is applicable within a single transaction. Given the complexity of the implementation on the project AAVE and the constant failures of the entire DAO protocol,
Revealed content
was chosen as the target
Our target is a cryptocurrency lending platform, by how much they use complex algorithms to work for their platform - we managed to find their weaknesses !
During the attack we managed to get a loan of $ 20,000
We also managed to swap frozen tokens on blockchain wallet, through complex operations with mutually substitutable tokens in ETH network (erc-20).
At the moment we are conducting new experiments on the platform, we need people who are ready to work according to the already worked out manual - we will share the profit.
More details in our channel
In this post I will be talking about defi - crypto loans protocol, we will tell you how we created a methodology to exploit a vulnerable crypto loans platform.
From words to business
Flash loan is a technology to get a loan against crypto tokens, to get it the lender has to post collateral to ensure a secure transaction, but what if we try to bypass the system ?
After running diagnostics on providers like
Revealed content
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Revealed content
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Our target is a cryptocurrency lending platform, by how much they use complex algorithms to work for their platform - we managed to find their weaknesses !
During the attack we managed to get a loan of $ 20,000
We also managed to swap frozen tokens on blockchain wallet, through complex operations with mutually substitutable tokens in ETH network (erc-20).
At the moment we are conducting new experiments on the platform, we need people who are ready to work according to the already worked out manual - we will share the profit.
More details in our channel
thanks man
