XRP Ledger's new proposal blocks the flash loan attacks costing DeFi hundreds of millions
60-second summary
A draft XRPL amendment proposes to block flash loan attacks, citing the network's architecture as structurally impossible for such exploits. This architectural quirk has spared XRP from the class of attacks that have cost Ethereum DeFi billions, raising hopes for improved security and reduced risk for DeFi applications on the XRP Ledger.
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.