https://jeiwan.net/tags/scam/ Recent content in scam on Going the distance Hugo -- gohugo.io en Wed, 09 Jun 2021 18:42:51 +0700 https://jeiwan.net/posts/flashloan-scam/ Wed, 09 Jun 2021 18:42:51 +0700 https://jeiwan.net/posts/flashloan-scam/ Introduction I once came across a video on YouTube which was named “How I earned BNB using Flashloans to Arbitrage on Binance Smartchain BSC”. The title was quite catchy because everyone who followed the crypto field in the beginning of 2021 was aware of Binance Smart Chain (BSC), which is a clone of Ethereum, and definitely heard about multiple attacks on DeFi projects running on this blockchain. Following the success of DeFi on Ethereum, Binance created a copy of the blockchain and, allegedly, funded multiple projects that copied most successful and advanced DeFi-projects of Ethereum.