Flash Loan Scam on Facebook - writeup
I have come across an ad recently on Facebook that promised a streamlined way of generating a flashloan-arbitrage (since then it poped up like 5 times). As tempting as it sounds, it definitely rings some (alarm) bells. So let’s take a dive into what is happening here.This is the ad you see on FacebookThe PromiseWhat is the business case here? Free money of course! What the video states is not less than that you can create a transaction that starts with a flash loan, then you buy some crypto o...
Flash Loan Scam on Facebook - writeup
I have come across an ad recently on Facebook that promised a streamlined way of generating a flashloan-arbitrage (since then it poped up like 5 times). As tempting as it sounds, it definitely rings some (alarm) bells. So let’s take a dive into what is happening here.This is the ad you see on FacebookThe PromiseWhat is the business case here? Free money of course! What the video states is not less than that you can create a transaction that starts with a flash loan, then you buy some crypto o...
