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26 November 2020

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think | Technology Bitcoin News

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think | Technology Bitcoin News


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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think.

Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all.

Moreover, while many defi supporters claim these platforms offer greater privacy, examples now show that most everything can be seen onchain connecting ethereum addresses to identities and companies.

“What’s beautiful (and kind of scary) about defi is that we can see everything that happens on-chain and connect addresses to identities and firms,” Nick Ctweetedon Wednesday.

The Twitter thread also gives abreakdownof Jump Trading’s defi action as well as Nick C notes that Jump Trading is “a massive prop trading firm based in Chicago.” The researcher continued by adding:.

Nick C’s insights earned him a great number of Twitter followers after he shared his thoughts about the three firms and the defi action?

What do you think about all the defi exploits these days and the visibility of million-dollar onchain transactions and trades.

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