Blockchain security provider Quantstamp has unveiled an innovative tool named Economic Exploit Analysis, designed to bolster the security of decentralized finance (DeFi) protocols by detecting potential flash loan attack vectors within smart contracts. As per the Quantstamp's announcement, the automated tool aims to identify vulnerabilities in the code of protocols that might be susceptible to exploitation through flash loan attacks, a type of unsecured loan within the DeFi space. Flash loans enable users to borrow and repay funds within a single transaction, allowing them to manipulate protocols, execute arbitrage opportunities, and engage in other financial maneuvers.
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