DeFi｜Are audited projects safe?
In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum responded with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC).
Risks aren’t limited to smart contract code: oracles, external protocols a project depends on, admin privileges, and hijacked front ends can all lead to losses.
Ethereum, where $ETH is located, was one of the first public blockchains to support general-purpose smart contracts.
There are always surprises in the market, so think ahead about what you’ll do if your judgment turns out to be wrong.
This data is for reference only; don’t take it all at face value.
In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum responded with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC).
Risks aren’t limited to smart contract code: oracles, external protocols a project depends on, admin privileges, and hijacked front ends can all lead to losses.
Ethereum, where $ETH is located, was one of the first public blockchains to support general-purpose smart contracts.
There are always surprises in the market, so think ahead about what you’ll do if your judgment turns out to be wrong.
This data is for reference only; don’t take it all at face value.
