## Flash Loans: The $200 Million Gamble That Made $3
The crypto world loves a good story, and June 2023 served up a wild one: a trader borrowed $200 million without posting a single cent in collateral, executed a complex series of token swaps, and walked away with just $3.24 in profit. Sounds insane? Welcome to the world of flash loans—DeFi's most controversial lending innovation.
## How Can You Borrow Millions Without Collateral?
This is where flash loans break all conventional banking rules. On DeFi lending platforms like Aave and MakerDAO, users can access massive capital instantly through