• 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

Bitcoin Surges Above $82,000 Amid US-Iran Agreement Hopes

chest

Bitcoin's price rose above $82,000 as markets reacted to potential US-Iran agreement news.

user avatarSon Min-ho

Long-Term Projections for Bitcoin: Up to 29 Million by 2050

chest

Matthew Siegel has made a long-term projection suggesting that Bitcoin could climb to as much as 29 million per coin by 2050.

user avatarAyman Ben Youssef

US Bitcoin ETFs See $532 Million in Inflows Amid Market Recovery

chest

US spot Bitcoin ETFs saw a remarkable start with $532 million in single-day inflows, led by BlackRock's IBIT and Fidelity's FBTC.

user avatarTando Nkube

Privacy Researcher Reveals Chrome's Covert AI Model Download

chest

A privacy researcher reveals that Google Chrome is downloading a 4GB AI model named Gemini Nano without user consent, raising significant privacy concerns.

user avatarKofi Adjeman

Ethereum Network Hits Record Transaction Milestone

chest

Ethereum's transaction count reached a new high of 7.283 million in April, showcasing the network's growing adoption.

user avatarNguyen Van Long

Ethereum's Glamsterdam Upgrade Set to Transform Network Efficiency

chest

The upcoming Glamsterdam upgrade is expected to significantly enhance Ethereum's scalability and efficiency, marking a pivotal moment for the network.

user avatarSatoshi Nakamura

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.