The Fall of Sparta - Analysis of the First Flash Loan Attack Incident on BSC

On May 2nd, DeFi project Spartan suffered a flash loan attack by hackers. Spartan Protocol is an asset liquidity project aimed at solving various problems that exist in current AMM protocols and synthetic assets. The liquidity pools of Spartan Protocol are the core of this protocol, and all related applications within the system depend on the support of liquidity pools. SpartanSwap applies THORCHAIN's AMM algorithm.