Someone Flash Loaned $200M From MakerDAO to Make $3 Profit
An arbitrage bot took advantage of MakerDAO's 'DssFlash' contract, creating a $200 million flash loan to extract $3 in profit.
An arbitrage bot flash loaned $200 million worth of the dai stablecoin (DAI) from MakerDAO on Wednesday, making a $3.24 profit after transaction fees.
The bot took advantage of MakerDAO's 'DssFlash' contract, which permits users to borrow any amount of DAI without incurring fees, according to crypto data provider .
A flash loan is a type of loan that is received and paid back within a single block without any upfront collateral. In this instance, the bot borrowed 200 million DAI tokens and supplied them to the Aave DAI market, borrowing $2,300 worth of wrapped ether (WETH) against it.
That WETH was used to buy Threshold Network (T) on Curve before it was sold on Balancer in a myriad of single-block transactions.
The total profit before fees was $33, however, it incurred almost $30 in transaction and protocol fees, leaving a net profit of $3.24.
Flash loans have been in the past, with a string of flash loan exploits on decentralized finance (DeFi) platforms like and resulting in losses exceeding $10 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: How Crypto Enthusiasts Are Shaping Tomorrow’s Scientific Advancements
- Ideosphere leverages crypto prediction markets to fund high-risk science by redirecting gambling capital to research projects with uncertain returns. - Platforms like Gemini and Polymarket expand into prediction markets, with Polymarket securing $2B backing to enter U.S. markets via PrizePicks partnership. - Regulatory scrutiny intensifies globally, with Brazil and UK imposing stricter crypto oversight to balance innovation with investor protection. - Propanc Biopharma raises $100M in crypto for cancer r
Vitalik Buterin's Latest Advances in ZK Technology and Their Impact on the Market
- Vitalik Buterin's GKR protocol reduces ZK verification costs by 10-15x, enabling ZKsync to achieve 15,000 TPS with near-zero fees. - Ethereum's modexp precompile replacement addresses a 50x scalability bottleneck, aligning with its "Lean Ethereum" efficiency goals. - ZK-based platforms like ZKsync (ZKS +150% in 2025) attract Citibank/Deutsche Bank, while Starknet/Immutable expand ZK into DeFi and gaming. - Institutional adoption highlights ZK's viability for enterprise use, though quantum computing risks
Bitcoin Updates: Renewed Institutional Trust Drives Bitcoin ETFs to Achieve Initial Net Inflows
- U.S. Bitcoin ETFs saw first net inflow ($1.15M) as institutional demand and corporate purchases offset prior $1.22B outflows, signaling market stabilization. - Solana ETFs extended 9-day inflow streak to $575.93M, while Ethereum ETFs faced $46.6M outflows despite BlackRock's ETHA gaining $34.4M. - MicroStrategy bought 487 BTC ($102,557 each) and JPMorgan increased IBIT holdings to $343M, reflecting growing institutional confidence in crypto assets. - Analysts warn inflows may only temporarily counter wha
Ethereum Updates: Large Holders Acquire $1.37B in Ethereum While Short Sellers Face Major Losses Amid Market Division
- Ethereum whales bought $1.37B of ETH at $3,462 as prices hit a four-month low of $3,000 in November 2025. - Aave whale led accumulation with 257,543 ETH ($896M), while Bitmine Immersion added 40,719 ETH ($139.6M). - Exchange reserves fell to 2016 lows as investors shifted to long-term storage, signaling bullish confidence. - Leveraged short traders lost $1.44M-$25M in losses, highlighting risks amid Ethereum's volatility. - Market splits between institutional accumulation and retail shorting, with $3,400
Trending news
MoreCrypto prices
More
