• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
DeFi audit: ZK projects lead in the number of critical vulnerabilities

DeFi audit: ZK projects lead in the number of critical vulnerabilities

user avatar

by Elena Ryabokon

2 years ago


DeFi audits of projects based on zero-disclosure proof-of-concept (ZK) technology were twice as likely to reveal critical bugs compared to other projects, according to The Block citing a Veridise report.

The company's experts analyzed 1,605 vulnerabilities identified in 100 audits. On average, they found 16 issues per audit, with ZK projects having a higher rate of 18 bugs.

In terms of critical vulnerabilities, 55% (11 out of 20) of ZK projects contained such issues, compared to 27.5% (22 out of 80) for other projects.

Experts noted that the security of ZK solutions is “just more complicated” because of the complex cryptographic designs and the innovative nature of the protocols. Veridise co-founder and CEO John Stevens explained that designing a ZK scheme requires precise reasoning about the semantics of the operations in the witness generator. When these constructs are incorrectly encoded due to constraints, errors occur.According to Stevens : “It makes sense that there are more errors in these schemas because they are very different from the typical programming paradigm”.

Overall, the most common vulnerabilities found in the audits were logic errors (385), maintainability (355) and data validation (304). These categories accounted for 65% of all issues identified.

Veridise emphasized that insufficient maintainability is not a security vulnerability in the strict sense, but poor code writing practices are “one step away from creating critical vulnerabilities.”

For the ZK protocols, a specific problem was “insufficiently bounded loops”, which had a 90% probability of causing a serious error. This occurs when arithmetic scheme constraints do not provide sufficient conditions to verify the correctness of the computation. Veridise noted that such conditions do not exist in traditional smart contracts.

This means that an attacker could create a proof that tricks the checker into accepting a false statement as true, seriously undermining the integrity of the protocol.

Recall, ForkLog talked about the development of ZK protocols in 2024 in an exclusive piece.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Price Encounters Resistance and Support Zones.

chest

Ethereum's price is currently experiencing a downside correction, facing key resistance and support levels.

user avatarElias Mukuru

Fenwick West Settles for $54 Million Over FTX Allegations

chest

US law firm Fenwick West has agreed to pay $54 million to settle claims related to its legal services for the defunct crypto exchange FTX.

user avatarKenji Takahashi

The Legal Fallout from FTX's Collapse

chest

FTX collapsed in November 2022 due to mismanagement and fraud, leading to significant legal repercussions and the conviction of founder Sam Bankman-Fried.

user avatarDiego Alvarez

Potential ETF Inflows Could Boost XRP Price

chest

The CLARITY Act, pending a Senate vote, could lead to significant ETF inflows into XRP, estimated between 4 to 8 billion, potentially boosting its price.

user avatarMaria Fernandez

Ethereum Price Sees Major Reversal but Smart Money Remains Active

chest

Ethereum's price has reversed most of its gains from April, finding support just above $2,000, while smart money investors remain active in accumulating tokens despite market downturns.

user avatarGustavo Mendoza

Bitcoin Spot ETFs Face Record Withdrawals Amid Market Losses

chest

Bitcoin Spot ETFs faced significant net outflows totaling 126 billion last week, marking the heaviest withdrawals since January.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.