Definition ∞ A financial attack is a deliberate, malicious act targeting a financial system, protocol, or asset with the intention of illicit gain or disruption. These attacks exploit vulnerabilities in code, economic models, or operational procedures. They can result in significant financial losses for individuals and institutions. Such events underscore the importance of robust security measures.
Context ∞ In the digital asset space, financial attacks are a recurring concern, with news reporting on various exploits such as flash loan attacks, oracle manipulations, or smart contract vulnerabilities. These incidents often highlight the risks associated with nascent decentralized technologies and the continuous need for security audits and protocol improvements. Understanding these attack vectors is essential for assessing the security of digital asset platforms.
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