Securing ICP Canisters: Key Findings and Best Practices
Introduction to ICP Canisters Security Audit The Internet Computer Protocol (ICP) is a third-generation blockchain that offers decentralized computation and scalable storage, enabling smart contracts, or “ICP canisters,” to operate with near-native performance. These canisters combine code and state, allowing developers to build highly scalable and interoperable Web3 services. However, while ICP opens new avenues […]
Top 10 Smart Contract Vulnerabilities List By BlockApex
In the ever-evolving landscape of blockchain technology, smart contracts have revolutionized how transactions and agreements are executed. However, their potential is matched by their vulnerabilities. While offering unparalleled benefits, smart contracts’ immutability and decentralized nature also make them prime targets for exploitation. Understanding and addressing these smart contract vulnerabilities cannot be overstated, as they can […]
Top Industry Leading Smart Contract Auditing Tools
Smart contracts are the backbone of the blockchain ecosystem, powering decentralized applications (DApps) and handling transactions worth millions of dollars. However, with their immense power comes significant vulnerability. Code errors, logic flaws, and security breaches in smart contracts can result in devastating financial losses and irreparable reputational damage. In 2023 alone, Web3 businesses lost nearly […]
Cream Finance Hack: What Motivates Hackers to Return Stolen Funds?
From an outsider’s perspective, returning millions of dollars worth of funds after successfully pulling off a complicated exploit is, at best, admirable, and at worst, foolish. What could be the motivation behind such a decision?
Beanstalk Hack Analysis & POC
Beanstalk protocol got hacked for around $74M through exploiting the governance mechanism & stealing all the BEANS & Curve LP tokens stored in the Beanstalk protocol.
Rari Capital Hack Analysis & POC
Rari capital got hacked for around $79M through a classic re-entrancy attack. Rari is a fork of compound finance which had this bug fixed earlier. It is not the first time Rari has been a victim of a hack.
Pickle Finance Hack Analysis & POC
On 21sth November 2021, Pickle finance was hacked, where an attacker was able to drain $19M DAI from the pDai jar. The attack exploited multiple inconsistencies & flaws in the logic of the pickle jar contract.
Harvest Finance Hack Analysis & POC
Harvest finance got hacked for around $34M due to a flashloan attack which manipulated the price in the Curve pool to retrieve more USDT tokens than originally deposited USDT amount in fUSDT pool.
Curve Finance Hacked, $570k Stolen!
On Tuesday, 9th August, Curve Finance suffered from a DNS attack causing theft of a whooping $570,000+ USD.
Euler Finance Hack Analysis
The Euler Finance hack had a devastating impact on the platform and its users, with approximately $197 million worth of assets stolen, including ETH, WBTC, USDC, and DAI. This placed Euler Finance at number 6 on the leaderboard of the largest DeFi hacks. The platform’s total value locked (TVL) dropped from $264 million to just $10 million.
