Protecting Your Smart Contracts in Web3: Insights, Strategies, and Best Practices from Olympix's Security Experts.
External audits, while important, aren't a perfect solution for Web3 cybersecurity. Recent high-profile hacks on audited projects like Penpie, Ronin, and Euler demonstrate that relying solely on these audits leaves significant vulnerabilities unaddressed. The traditional model needs to evolve beyond just external reviews.
A $27 million hack of Penpie Finance in September 2024, despite prior security audits, highlights the persistent threat of hidden smart contract vulnerabilities. This case study explores how Olympix, a mutation testing tool, could have uncovered the flaw and prevented the loss.
Smart contracts, the backbone of Web3 applications, are vulnerable to exploits due to their unchangeable nature. This article examines common vulnerabilities and how to enhance smart contract security.
Discover how a simple oversight in smart contract configuration led to a $12M loss for the Ronin Network—and how Olympix's detection system flagged the critical flaw that could have prevented the exploit.
Discover how a critical flaw in Li.Fi's smart contract led to an $11.6M exploit—and how Olympix' static analyzer could have prevented it with early vulnerability identification.
How Lendvest leverages Olympix' proactive security tools to ensure continuous security throughout the development process, rather than relying solely on external auditors, allowing them to save on security costs as we scale without compromising on security itself.
Discover how Decentralized Finance (DeFi) is revolutionizing finance by replacing intermediaries with blockchain technology. From its Bitcoin roots to today’s cutting-edge trends like tokenized assets and AI integration, this guide explores DeFi’s evolution, key players, challenges, and expert predictions shaping its future. Dive in to grasp the full potential of DeFi!
Explore the essentials of Web3 cybersecurity, from understanding smart contract vulnerabilities to proactive security measures that protect your assets in the decentralized world—unlock the future of secure Web3 today!
Remitano suffered a $2.7M loss due to a private key compromise.
Stake suffered a $41M loss due to a private key compromise.
JPEG’d lost $11.4M due to reentrancy vulnerability.
BNO suffered a $500K loss due to a faulty reward mechanism.
Palmswap lost $900K due to price manipulation.
Themis Protocol lost $370K due to price oracle manipulation
Midas Capital got exploited due to a rounding issue.
Sturdy Finance lost $770K due to read-only reentrancy vulnerability.
El Dorado Exchange’s Oracle contract got exploited.
Smart contract security audits are manual reviews of code conducted by security professionals that highlight vulnerabilities in a project’s code base. Auditors use both manual review techniques and automated tools to...
Reduce reliance on reactive audits and monitoring and protect your assets with Olympix.
