An MEV bot took a $11.9 million flash loan for a sandwich attack, yielding only $20 profit after gas fees.
Sonne Finance suffered a $20M flash loan attack in May 2024, contributing to $42.6M in total cryptocurrency losses. This highlights vulnerabilities in crypto platforms and the need for stronger security measures.
A popular memecoin collapsed by 99% due to a flash loan attack that exploited its tax system, drastically increasing its supply and reducing its market cap from $40 million to $170,000.
A Solana-based platform was targeted in a flash loan attack leading to the theft of $2M, exposing weaknesses in blockchain security and resilience.
April witnessed the lowest losses from hacks and scams since 2022, with flash loan attacks and private key hacks declining, according to Certik.