• 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

AlphaPepe Blends Meme Culture with DeFi Features

chest

AlphaPepe integrates meme aesthetics with utility features through its AlphaHub, gaining visibility in the crypto presales market.

user avatarArif Mukhtar

EcoYield Merges Clean Energy with Compute Utility

chest

EcoYield merges clean energy with compute utility by combining AI-driven GPU operations with solar-powered infrastructure to create a dual-output system.

user avatarMaria Gutierrez

Stablecoins Transforming Payments in Latin America

chest

Stablecoins are increasingly used by businesses in Latin America for faster payment processing compared to traditional banks.

user avatarDavid Robinson

Dedic Warns of Potential Bear Market in Crypto

chest

Simon Dedic warns of a potential 13-year bear market in crypto if the industry remains in the early adopter phase, emphasizing the need for mainstream product-market fit.

user avatarAndrew Smith

Fartcoin Surges Amid Broader Cryptocurrency Market Recovery

chest

Fartcoin experiences a significant price increase as part of a broader recovery in the cryptocurrency market, with a notable harmonic pattern suggesting further potential gains.

user avatarJacob Williams

Analyst Highlights Munger Rule for Strategy Inc's 200-Week Support

chest

Market strategist James E. Thorne applies the Munger Rule to Strategy Inc, suggesting that pullbacks toward the 200-week moving average are potential buy zones.

user avatarZainab Kamara

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.