• 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

a year 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

Lightspeed Venture Partners Secures Record $9 Billion Fundraise

chest

Lightspeed Venture Partners has raised a historic $9 billion, marking the largest fundraise in its 25-year history.

user avatarLi Weicheng

VivoPower Transforms Joint Venture into Strategic Expansion Vehicle

chest

VivoPower has transformed a standard joint venture agreement into a strategic expansion vehicle with Ripple Labs, targeting significant investment.

user avatarTenzin Dorje

SEC Commissioner Caroline Crenshaw Set to Depart Agency

chest

Caroline Crenshaw, the last remaining Democratic commissioner of the US Securities and Exchange Commission (SEC), is expected to leave the agency in January 2024 after serving 18 months beyond her initial term.

user avatarMohamed Farouk

SEC Dismisses Cryptocurrency Cases at Higher Rate Under Trump Administration

chest

The SEC has dismissed approximately 60 cryptocurrency-related cases since Trump took office, citing legal and policy reasons.

user avatarBayarjavkhlan Ganbaatar

Automated Receipt Management for Tax Compliance

chest

Automated receipt management systems are simplifying expense tracking for small businesses.

user avatarLuis Flores

Bitcoin ETF Inflows Rebound Amid Market Caution

chest

Glassnode reported a strong rebound in net inflows into Bitcoin ETFs, but trading volumes remain weak, indicating a cautious stance from institutional investors.

user avatarElias Mukuru

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.