The Million Dollar Glitch: How Flash Loans Broke The Game

By Stephen Cross

The Million Dollar Glitch is a book about what happens when financial systems are built on code, and someone actually reads it.

At its core, this is the story of flash loans: a zero-collateral feature in decentralized finance that lets anyone borrow millions, so long as it's returned within the same transaction block. For a while, these tools were considered harmless, just another piece of open-source infrastructure in a rapidly evolving ecosystem. Until someone used them differently.

Stephen Cross unpacks how a single transaction, fully legal, fully visible, exposed the blind spots of DeFi's most trusted protocols. Not with hacks or exploits in the traditional sense, but with precision, timing, and a clearer understanding of how composable systems behave under pressure. He doesn't just analyze these moments, he profits from them. Quietly, deliberately, and without breaking a single rule.

This book isn't a blueprint for replicating those trades. It's something more valuable: a way of thinking. About code, incentives, and the unintended consequences of open systems moving faster than the people who build them. It's about seeing opportunities that aren't advertised, but only implied.

For readers who want to understand how money actually moves in permissionless finance, this book offers a sharp, honest lens on a system that rewards clarity over hype, and insight over access.

• Format: Paperback
• Language: English
• ISBN: B0F43XG37S
• ISBN13: 9798316945870
• Release Date: April 2025
• Publisher: Independently Published
• Length: 174 Pages
• Weight: 0.46 lbs.
• Dimensions: 0.4" x 5.5" x 8.5"