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Avoiding Flash Loan Attacks With Price Oracles

Chainlink Co-founder Sergey Nazarov explains how DeFi projects that rely on single exchanges for their price data are susceptible to price oracle attacks, and as value in DeFi grows, so too grows the incentive for malicious actors to use sophisticated attacks that target multiple exchanges simultaneously.

Nazarov walks through common mistakes smart contract developers make when building oracles and explains how they can use Chainlink to protect user funds from these increasingly common yet avoidable attacks.

The video was uploaded on March 4, 2021.