Reproducing decentralized finance attacks
Decentralized Finance (DeFi) has been a prominent application of blockchain technology in recent times. With billions of dollars in total value locked in the DeFi ecosystem, hackers are motivated to exploit vulnerabilities in DeFi for financial gains. These include both economic vulnerabilitie...
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| Format: | Final Year Project |
| Language: | English |
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Nanyang Technological University
2022
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| Online Access: | https://hdl.handle.net/10356/156549 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Decentralized Finance (DeFi) has been a prominent application of blockchain technology
in recent times. With billions of dollars in total value locked in the DeFi ecosystem, hackers
are motivated to exploit vulnerabilities in DeFi for financial gains. These include both
economic vulnerabilities and smart contract vulnerabilities. In this report, we focus on both
economic and smart contract exploits. Economic exploits are simulated while smart
contract exploits are reproduced. For each smart contract vulnerability covered in this
report, a case study of existing DeFi contract will be conducted, followed by creating a
reproducible experiment as code to demonstrate the vulnerability. Then providing
countermeasures to mitigate the vulnerability. Finally, we present the direction for future
research in reproducing DeFi attacks. |
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