Flash Loans: Powerful Tool or Systemic Risk?
In the ever-evolving world of decentralized finance (DeFi), innovation moves at breakneck speed. Among the most talked-about — and arguably most controversial — tools to emerge from this space is the flash loan. At first glance, flash loans sound like science fiction: borrowing millions of dollars without collateral, as long as you repay it within a single blockchain transaction. No credit checks. No identity verification. Just pure, algorithmic finance.