Dragonscale Newsletter (Page 6)

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DeFi Hack on Exactly Protocol Shows the Sector’s Challenges

The newly introduced Exactly Protocol was hacked for roughly $7 million in ETH on Aug. 18. To understand what happened, let’s walk through how attackers made off with crypto from Exactly’s platform.

Vyper, Reentrancy, Curve Finance and the Danger to DeFi

The Curve Finance exploit is one of the biggest thefts in crypto so far by August 2023, but that isn’t the only reason this attack is notable. What happened has broad implications for DeFi platforms and the industry-wide goal of creating secure, blockchain-based finance options in web3.

Data Roundup: Can GPT-4 Do Smart Contract Audits?

In the months since its March ‘23 release, GPT-4’s ability to audit smart contracts has begun to be tested by developers. How accurately can it perform this critical task for ensuring smart contracts are safe and can’t be hacked?

Bug Bounties: Why They’re Essential for Web3 Projects

Today, new code tends to be released quickly by big companies, startups, and decentralized organizations alike. To encourage independent coders to find programming flaws, many organizations offer bug bounties.

Deepfake Scams and KYC: Challenges for Web3

Deepfakes are a growing concern, even for web3 users who may trade crypto or participate in blockchain projects in trustless environments with no personal-ID requirements