Odaily News Blockchain security company PeckShield has just issued an alert, reporting that some users are using flash loans to make fake bids in the CryptoPunks market.
An unknown operator is using flash loan mechanisms to create false bids on the Punks NFT market, which could disrupt market pricing and mislead other traders.
Flash loans are an unsecured loan mechanism in the DeFi field that allows users to borrow and return funds within the same transaction block, and are often used for arbitrage or attacks. In the NFT market, this behavior may be used to artificially manipulate prices or create false market activity.
At present, PeckShield has not released more details and advises users to remain vigilant when trading in the CryptoPunks market.