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via CoinDesk · By CoinDesk Staff

XRP Ledger's design blocks the flash loan attacks costing DeFi hundreds of millions

XRP

XRP/USDT

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+1.00%

$1.5547

+1.00%

(24s)

24h Volume

$3,061,351,093.61

24h H/L

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Change: $0.0943 (6.14%)

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Long: 72.6%Short: 27.4%

Funding Rate

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Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

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Resistance Levels

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Resistance 2$1.6999

Resistance 1$1.5701

Price$1.5542

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Pivot (PP):$1.5725

Trend:Uptrend

RSI (14):62.5

CoinDesk Staff

(02:30 AM UTC)

1 min read

Verified byMichael Roberts

0 comments

A draft XRPL amendment notes that flash loan attacks are "structurally impossible" on the network because of how its transactions are built, an architectural quirk that has spared the chain from the exploit class that has cost Ethereum DeFi billions.

The two biggest DeFi exploits of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger.

Thorchain lost…

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CoinDesk Staff · CoinDesk

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