Blockchain security provider Quantstamp has developed a tool to identify vulnerabilities in decentralized finance protocols before they are attacked.
Blockchain security provider Quantstamp has launched an automated service to detect flash loan attack vectors in smart contracts. The new service is being called Economic Exploit Analysis and is based on research done at the University of Toronto.
Economic Exploit Analysis will be available to protocols, whether they have been deployed or not. It will enhance Quantstamp’s audits by identifying flash loan attack vulnerabilities in a client’s code. The service will be available on any Ethereum Virtual Machine -compatible blockchain and is non-exhaustive — that is, it may not detect all attacks.that has to be taken out and paid back in the same transaction.
“Flash loan attacks can drain the entire TVL of a DeFi protocol, and their complicated nature combined with DeFi’s composability means these attack vectors often evade conventional audits.”
France Dernières Nouvelles, France Actualités
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