Composability and other tools for attacking crypto protocols

Quick Take

  • Increasingly, those looking to steal funds by attacking smart contracts are taking advantage of the unexpected ways smart contracts behave when combined together
  • In 2020, the total amount siphoned or stolen in decentralized finance attacks has reached $36 million. However, most of that money was returned because dForce’s attacker returned the stolen $25 million
  • The average value lost per hack has decreased significantly from the early days of Ethereum. Eight of the 10 attacks in 2020 have been for below $1 million

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Composability and other tools for attacking crypto protocols written by Mika Honkasalo @ https://www.theblockcrypto.com/genesis/70448/composability-and-other-tools-for-attacking-crypto-protocols?utm_source=rss&utm_medium=rss July 7, 2020 Mika Honkasalo

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