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DeFi exploits stories

Oct 6, 2026

Flash loan attacks drained $1.2 billion from DeFi between 2020 and 2024, study finds

Flash loan attacks caused $1.211 billion in losses across 72 incidents between February 2020 and July 2024, representing 18.44% of all DeFi attack losses during the period, according to a study published in the Journal of Financial Crime by University of Winchester researchers. Logic exploits accounted for 55% of losses in the later period, overtaking price manipulation as the primary attack vector.

Oct 6, 2026·4 sources
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Top claims

  • ▪Researchers analyzed 20.63 billion transactions across seven blockchain networks, including Ethereum, Base, Optimism, Arbitrum, BNB Chain, Avalanche, and Polygon.
  • ▪A Journal of Financial Crime study found flash loan attacks drained $1.211 billion from decentralized finance platforms across 72 incidents between February 2020 and July 2024, representing 18.44% of $6.568 billion lost across 254 exploits.
  • ▪Flash loan attacks pose an existential threat to decentralized finance

Subtopics

DeFi1DeFi security1Flash loan attacks1Smart contract vulnerabilities1

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