Errare humanum est, but a single typo in the code can translate into millions of dollars in losses. In this respect, smart contracts are as prone to errors as any other software. In 2021 alone, $680 million of blockchain-based digital assets secured by smart contracts were lost due to code flaws. According to a recent
The DeFi revolution has amplified smart contract capabilities. At the same time, the extensive smart contract capabilities have exposed deeper software vulnerabilities underpinning decentralized financial services. This article will consider the latest trends in Web 3.0 smart contact security, identify common smart contract vulnerability patterns, and provide recommendations on protecting your financial assets. 2022 Smart
Black Box Meaning: Penetration Testing from an end-user perspective Black box means mystery. In software development, black box refers to a testing method where the tester does not know the internals of the tested software. Testing happens without understanding the internal code structure and systems architecture, just like the external party would use it. Black
Fake airdrops are becoming a growing threat. Airdrops: what are they and what is their point? iPhone owners are familiar with the term “airDrop,” but cryptocurrency airdrop has a different meaning. In a crypto world, airdrop is when a company sends tokens to wallet addresses of active community members for free or for a certain
Gate.io Security Challenge Gate.io is listed among the top 10 crypto exchanges according to CoinMarketCap. Since its founding in 2013, the company has remained committed to making the safety and security of its users its top priority, which requires strong safety measures to protect its traders from hackers and fraudsters. To do this, Gate.io published
At the end of April 2022, the project Zone of Avoidance reached Hacken to pass a token smart contract audit. The testing was completed within five days and the project has already received great positive feedback from the community. What is unique in this audit? Find details below. Zone of Avoidance: a brief description of
Hackers exploited Mirror Protocol, and the devs couldn’t do anything about it. The attacker stole more than $90m in October 2021 but this incident used to be completely unnoticed until the last week. And at the end of May 2022, the project experienced one more incident resulting in $2M drained from the protocol. A bug
Ethical hacking is an authorized use of malicious attacks to gain unauthorized access to software application or data. Ethical hackers compete for a bounty. Their goal is to identify bugs in web, modile, desktop apps. In Web 3.0, targets also include blockchains, smart contracts, wallets, platforms, protocols, DEX/CEX, and DeFi. Cybersecurity and ethical hacking from
Deepfake is a new goldmine for scammers Rapid technological advances propel Web 3.0, but unethical actors don’t lag. Scammers now use deepfakes to steal money. This article will look at some deepfake scams and discuss how to protect your financial assets in the light of a new threat. Deepfakes gain momentum In addition to various
