00:00 DeFi disasters
00:33 The DAO hack
01:59 The MakerDAO, Dai stablecoin’s “Black Thursday”
04:30 Flash loan exploitation
In this new segment we’re calling, Down the Rabbit Hole, Andreas dives into a question that has been on his mind. In this video Andreas explores DeFi disasters. What are some examples of attacks that have occurred in DeFi. Andreas walks through three examples of things going rather wrong in DeFi, the DAO hack, Dai’s Black Thursday and flash load exploitation.
This question is from the bonus Q&A session on DeFi, which took place on May 16th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop
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Music: “Unbounded” by Orfan (https://twitter.com/grassfedbitcoin)
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