1/ Flash Loan attacks are a crypto-specific attack where people can take advantage of market arbitrage within different exchanges w/o any leverage while risking only the gas fee of the transaction.
2/ The person behind the Flash Loan attack will code up a smart contract to borrow a lot of money from multiple sources and return said money within the same transaction. Thus there is no risk for either the borrower OR the seller.
1/ Coins like Dogecoin and Shiba Inu are meme coins fueled by fomo and the desire to get rich quick. It's the ultimate legal Ponzi scheme β> folks buy because they think others will buy as well. No utility.
2/ What's another space that is fueled by fomo and the desire to get rich quick? NFTs!!
When retail investors paper hand and take profits from Shiba Inu, they will want to find the next "get rich quick asset".