DeFi hacks

Most Infamous Hacks in DeFi History & Need of Audit

3 Infamous Hacks in DeFi History and how they relate to Audits

Read Time: 5 minutes DeFi has been a dynamic component of the cryptocurrency industry with approx $80 billion in assets locked into protocols in March 2021. As the saying goes, however, problems accumulate where the money is. Projects in DeFi have been forgery and scams, and the loose bolt in such activities have been badly constructed smart contracts. This …

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How to Audit Ethereum smart contract

How Properly Auditing an Ethereum Smart Contract can Save you Millions?

Read Time: 6 minutes A “smart contract” is a set of instructions that run on Ethereum Blockchain. To audit, an ethereum smart contract means to ensure that it is secure from potential threats and common vulnerabilities.  While in the present scenario, the hacks, and exploits related to smart contracts are at an all-time high, it’s a storm to be …

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Guide to understand Rug Pulls and ways to avoid them

The last Guide To Understand Rug Pulls and ways to Avoid Them

Read Time: 6 minutes Ever since their introduction, cryptocurrencies have attracted the eyes of investors and hucksters alike. Though the crypto space is characterized by some institutional investors and thin liquidity, it is also rife with scammers. The nature of scams occurring on crypto networks has also paralleled the development of their infrastructure. Since blockchains were new and primitive, …

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Demerits of Copy-paste in DeFi

Why Copy-paste in DeFis are Scarier than Clowns?

Read Time: 7 minutes We have been making copy-paste jokes for years. Remember all the memes of CTRL + C and CTRL + V? Well, they have come to haunt us because we have been using them for the wrong purpose.  Specific to the IT industry, copying and pasting are an old and common form of reusing software. Most …

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Why rise in DeFi and Smart Contracts stealing the show?

Why rise in DeFi and Smart Contracts stealing the show?

Read Time: 7 minutes Fast-food franchises are one of the best real-world examples of decentralization. Each restaurant in the chain is responsible for its operation. In the similar way, is it possible to disrupt the traditional centralized financial instruments? YES, it is.  Decentralized Finance (or) DeFi is the term coined to denote Blockchain based finance that is independent of …

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Flash Loan attack explained

Flash loan attack explained | Part1 | DeFi: In & Out

Read Time: 6 minutes Decentralized finance is gaining popularity and with increased popularity, it is being chased by evil eyes. Many of the incidents happened over time and DeFi hacks are rising rapidly like fire, and among different hacks, Flash loan attack is one common name. At the beginning of the series “DeFi: In & Out”, Flash loan attack …

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