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In decentralized finance (DeFi), lenders can offer flash loans to borrowers, i.e., loans that are only valid within a blockchain transaction and must be repaid with fees by the end of that transaction. Unlike normal loans, flash loans allow…

Programming Languages · Computer Science 2024-04-23 Zhiyang Chen , Sidi Mohamed Beillahi , Fan Long

Decentralized finance (DeFi) protocols are crypto projects developed on the blockchain to manage digital assets. Attacks on DeFi have been frequent and have resulted in losses exceeding $80 billion. Current tools detect and locate possible…

Cryptography and Security · Computer Science 2025-11-04 Xiaoqi Li , Wenkai Li , Zhiquan Liu , Yuqing Zhang , Yingjie Mao

Decentralized Finance (DeFi) is emerging as a peer-to-peer financial ecosystem, enabling participants to trade products on a permissionless blockchain. Built on blockchain and smart contracts, the DeFi ecosystem has experienced explosive…

Cryptography and Security · Computer Science 2023-09-07 Peng Qian , Rui Cao , Zhenguang Liu , Wenqing Li , Ming Li , Lun Zhang , Yufeng Xu , Jianhai Chen , Qinming He

Decentralized finance (DeFi) has become one of the most successful applications of blockchain and smart contracts. The DeFi ecosystem enables a wide range of crypto-financial activities, while the underlying smart contracts often contain…

Cryptography and Security · Computer Science 2021-04-20 Palina Tolmach , Yi Li , Shang-Wei Lin , Yang Liu

The rise of Decentralized Finance (DeFi) has brought novel financial opportunities but also exposed serious security vulnerabilities, with flash loans frequently exploited for price manipulation attacks. These attacks, leveraging the atomic…

Cryptography and Security · Computer Science 2025-02-25 Ka Wai Wu

Decentralized finance, i.e., DeFi, has become the most popular type of application on many public blockchains (e.g., Ethereum) in recent years. Compared to the traditional finance, DeFi allows customers to flexibly participate in diverse…

Cryptography and Security · Computer Science 2021-03-05 Bin Wang , Han Liu , Chao Liu , Zhiqiang Yang , Qian Ren , Huixuan Zheng , Hong Lei

Decentralized finance (DeFi) protocols are crypto projects developed on the blockchain to manage digital assets. Attacks on DeFi have been frequent and have resulted in losses exceeding \$77 billion. However, detection methods for malicious…

Cryptography and Security · Computer Science 2024-05-21 Wenkai Li , Xiaoqi Li , Yuqing Zhang , Zongwei Li

The exploitation of smart contract vulnerabilities in Decentralized Finance (DeFi) has resulted in financial losses exceeding 3 billion US dollars. Existing defense mechanisms primarily focus on detecting and reacting to adversarial…

Cryptography and Security · Computer Science 2025-04-22 Shoupeng Ren , Lipeng He , Tianyu Tu , Di Wu , Jian Liu , Kui Ren , Chun Chen

Smart contracts are programs running on top of blockchain platforms. They interact with each other through well-defined interfaces to perform financial transactions in a distributed system with no trusted third parties. But these interfaces…

Cryptography and Security · Computer Science 2019-02-19 Yu Feng , Emina Torlak , Rastislav Bodik

Smart contract vulnerabilities in Decentralized Finance caused over billions of dollars losses every year, yet the security community faces a critical bottleneck: identifying a vulnerability is not the same as proving it is exploitable.…

Cryptography and Security · Computer Science 2026-05-05 Ruichao Liang , Jing Chen , Xianglong Li , Huangpeng Gu , Yebo Feng , Yue Xue , Cong Wu , Yang Liu

The growth of the decentralized finance (DeFi) ecosystem built on blockchain technology and smart contracts has led to an increased demand for secure and reliable smart contract development. However, attacks targeting smart contracts are…

Smart contracts in Decentralized Finance (DeFi) platforms are attractive targets for attacks as their vulnerabilities can lead to massive amounts of financial losses. Flash loan attacks, in particular, pose a major threat to DeFi protocols…

Cryptography and Security · Computer Science 2025-03-05 Abdulrahman Alhaidari , Balaji Palanisamy , Prashant Krishnamurthy

Decentralized Finance (DeFi) is a system of financial products and services built and delivered through smart contracts on various blockchains. In the past year, DeFi has gained popularity and market capitalization. However, it has also…

Machine Learning · Computer Science 2023-05-29 Arianna Trozze , Bennett Kleinberg , Toby Davies

Flash Loan attack can grab millions of dollars from decentralized vaults in one single transaction, drawing increasing attention from the Decentralized Finance (DeFi) players. It has also demonstrated an exciting opportunity that a huge…

Computational Finance · Quantitative Finance 2021-02-02 Yixin Cao , Chuanwei Zou , Xianfeng Cheng

Smart contracts are essential to decentralized finance (DeFi) and blockchain ecosystems but are increasingly vulnerable to exploits due to coding errors and complex attack vectors. Traditional static analysis tools and existing…

Cryptography and Security · Computer Science 2025-02-20 Jun Kevin , Pujianto Yugopuspito

Smart contract vulnerabilities have led to significant financial losses, with their increasing complexity rendering outright prevention of hacks increasingly challenging. This trend highlights the crucial need for advanced forensic analysis…

Cryptography and Security · Computer Science 2025-04-15 Kaihua Qin , Zhe Ye , Zhun Wang , Weilin Li , Liyi Zhou , Chao Zhang , Dawn Song , Arthur Gervais

Decentralized Finance (DeFi) is a prominent application of smart contracts, representing a novel financial paradigm in contrast to centralized finance. While DeFi applications are rapidly emerging on mainstream blockchain platforms, their…

Software Engineering · Computer Science 2024-01-12 Wei Ma , Chenguang Zhu , Ye Liu , Xiaofei Xie , Yi Li

Smart contracts are increasingly being used to manage large numbers of high-value cryptocurrency accounts. There is a strong demand for automated, efficient, and comprehensive methods to detect security vulnerabilities in a given contract.…

Cryptography and Security · Computer Science 2023-04-14 Michael Rodler , David Paaßen , Wenting Li , Lukas Bernhard , Thorsten Holz , Ghassan Karame , Lucas Davi

Modern blockchain, such as Ethereum, supports the deployment and execution of so-called smart contracts, autonomous digital programs with significant value of cryptocurrency. Executing smart contracts requires gas costs paid by users, which…

Emerging Technologies · Computer Science 2024-06-25 Majd Soud , Waltteri Nuutinen , Grischa Liebel

The meteoric rise of Decentralized Finance (DeFi) has been accompanied by a plethora of frequent and often financially devastating attacks on its protocols There have been over 70 exploits of DeFi protocols, with the total of lost funds…

Cryptography and Security · Computer Science 2022-02-01 Daniel Perez , Lewis Gudgeon
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