In the first half of 2023 alone, an astonishing $207 million was stolen via flash loan attacks. In these attacks, hackers leverage flash loans to borrow substantial funds and manipulate DeFi protocols into unexpected states that developers may not have anticipated. 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.
The Problem
Economic Exploit Analysis
Recognizing the importance of mitigating these hacks, Quantstamp partnered with researchers to turn their research into a production-level automated tool to detect flash loan attacks.
We are excited to add Economic Exploit Analysis to our suite of services, a reflection of our commitment to securing the web3 landscape. Our team uses the tool to uncover flash loan attack vulnerabilities in a client’s code, whether it's already launched or yet to be deployed.
With a mission to secure the future of web3, we're proud to launch a tool that will benefit the entire DeFi ecosystem and ultimately reduce both the number of flash loan attacks and the overall funds lost to hacks.
Auditors don't just review client contracts, but also incorporate contracts from other protocols to enhance detection of flash loan attacks across the broader DeFi ecosystem.
The Economic Exploit Analysis service is accessible to both deployed and un-deployed protocols across all EVM chains.
Ready to protect your project from flash loan attacks?
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