Winchester researcher identifies new wave of cybercrime costing billions

Winchester researcher identifies new wave of cybercrime costing billions

Flash loans allow individuals to borrow large amounts of cryptocurrency without collateral, provided the loan is repaid within a single blockchain transaction.

Flash loan attacks drained $1.211 billion from DeFi, University of Winchester study finds

A University of Winchester study finds flash loan attacks cost DeFi $1.211 billion from 2020 to 2024, with exploits growing harder to predict.

Flash Loan Attacks Drained $1.2B From DeFi Between 2020 and 2024: Study

Attacks grew more sophisticated and less predictable over the period, according to researchers who scanned more than 20 billion transactions.

Researchers identify a new wave of cybercrime costing finance system billions

A new type of cybercrime is seeing mind-boggling sums stolen in the world of digital finance and crypto currencies, according to ground-breaking research involving an academic at the University of Winchester. A new article in the Journal of Financial Crime, co-authored by Professor Tim Hall of the University of Winchester’s Department of Policing, Criminology and Forensics, and Remo Stieger, a former partner at SyntiFi Risk Intelligence (current…