Controversies in DeFi Lending

Sumedha Sen

Cream Finance, another prominent DeFi lending platform, suffered multiple flash loan attacks. The most significant occurred in October 2021, resulting in a loss of over US$130 million.

The bZx protocol has been the target of multiple exploits, as it suffered two attacks within a week, resulting in a loss of nearly US$1 million.

Alpha Homora, a leveraged yield farming protocol, and Iron Bank, a lending platform, were exploited in a complex attack that resulted in a loss of US$37 million.

BadgerDAO, a DeFi protocol focused on Bitcoin, suffered a front-end attack that led to a loss of US$120 million.

Mango Markets, a decentralized exchange and lending platform, was exploited for over US$100 million.

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