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Decentralized finance (DeFi) applications depend on accurate price oracles to ensure secure transactions, yet these oracles are highly vulnerable to manipulation, enabling attackers to exploit smart contract vulnerabilities for unfair asset…

Cryptography and Security · Computer Science 2025-02-12 Bo Gao , Yuan Wang , Qingsong Wei , Yong Liu , Rick Siow Mong Goh , David Lo

Decentralized Finance (DeFi) smart contracts manage billions of dollars, making them a prime target for exploits. Price manipulation vulnerabilities, often via flash loans, are a devastating class of attacks causing significant financial…

Cryptography and Security · Computer Science 2026-04-30 Lu Liu , Wuqi Zhang , Lili Wei , Hao Guan , Yongqiang Tian , Yepang Liu , Shing-Chi Cheung

An increasing number of DeFi protocols are gaining popularity, facilitating transactions among multiple anonymous users. State Manipulation is one of the notorious attacks in DeFi smart contracts, with price variable being the most commonly…

Software Engineering · Computer Science 2025-06-12 Hao Wu , Haijun Wang , Shangwang Li , Yin Wu , Ming Fan , Yitao Zhao , Ting Liu

The rapid growth of Decentralized Finance (DeFi) boosts the Ethereum ecosystem. At the same time, attacks towards DeFi applications (apps) are increasing. However, to the best of our knowledge, existing smart contract vulnerability…

Cryptography and Security · Computer Science 2021-05-03 Siwei Wu , Dabao Wang , Jianting He , Yajin Zhou , Lei Wu , Xingliang Yuan , Qinming He , Kui Ren

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 (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 applications (DApps) face significant security risks due to vulnerabilities in smart contracts, with traditional detection methods struggling to address emerging and machine-unauditable flaws. This paper proposes a novel…

Cryptography and Security · Computer Science 2026-02-03 Jiuyang Bu , Wenkai Li , Zongwei Li , Zeng Zhang , Xiaoqi Li

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

Within just four years, the blockchain-based Decentralized Finance (DeFi) ecosystem has accumulated a peak total value locked (TVL) of more than 253 billion USD. This surge in DeFi's popularity has, unfortunately, been accompanied by many…

Cryptography and Security · Computer Science 2023-04-11 Liyi Zhou , Xihan Xiong , Jens Ernstberger , Stefanos Chaliasos , Zhipeng Wang , Ye Wang , Kaihua Qin , Roger Wattenhofer , Dawn Song , Arthur Gervais

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

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

The evolving landscape of Decentralized Finance (DeFi) has raised critical security concerns, especially pertaining to Protocols for Loanable Funds (PLFs) and their dependency on price oracles, which are susceptible to manipulation. The…

Cryptography and Security · Computer Science 2024-01-17 Sanidhay Arora , Yingjiu Li , Yebo Feng , Jiahua Xu

Since the inception of permissionless blockchains with Bitcoin in 2008, it became apparent that their most well-suited use case is related to making the financial system and its advantages available to everyone seamlessly without depending…

General Finance · Quantitative Finance 2023-06-16 Georgios Palaiokrassas , Sandro Scherrers , Iason Ofeidis , Leandros Tassiulas

Price manipulation attack is one of the notorious threats in decentralized finance (DeFi) applications, which allows attackers to exchange tokens at an extensively deviated price from the market. Existing efforts usually rely on reactive…

Cryptography and Security · Computer Science 2025-02-07 Bosi Zhang , Ningyu He , Xiaohui Hu , Kai Ma , Haoyu Wang

The prosperity of Decentralized Finance (DeFi) unveils underlying risks, with reported losses surpassing 3.2 billion USD between 2018 and 2022 due to vulnerabilities in Decentralized Applications (DApps). One significant threat is the Price…

Cryptography and Security · Computer Science 2024-06-18 Dabao Wang , Bang Wu , Xingliang Yuan , Lei Wu , Yajin Zhou , Helei Cui

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

Decentralized Finance (DeFi) staking is one of the most prominent applications within the DeFi ecosystem, where DeFi projects enable users to stake tokens on the platform and reward participants with additional tokens. However, logical…

Software Engineering · Computer Science 2026-01-12 Zewei Lin , Jiachi Chen , Jingwen Zhang , Zexu Wang , Yuming Feng , Weizhe Zhang , Zibin Zheng

Ethereum smart contracts hold tens of billions of USD in DeFi and NFTs, yet comprehensive security analysis remains difficult due to unverified code, proxy-based architectures, and the reliance on manual inspection of complex execution…

Cryptography and Security · Computer Science 2025-09-04 Shuzheng Wang , Yue Huang , Zhuoer Xu , Yuming Huang , Jing Tang

As cross-chain interoperability advances, decentralized finance (DeFi) protocols enable illicit funds to be reorganized into uniform liquid assets that flow throughout the cryptocurrency market. Such operations can bypass monitoring…

Cryptography and Security · Computer Science 2026-04-15 Shuyi Miao , Wangjie Qiu , Shengda Zhuo , Fei Shen , Dan Lin , Xingtong Yu , Chua Tat-Seng , Zhiming Zheng

As blockchain platforms grow exponentially, millions of lines of smart contract code are being deployed to manage extensive digital assets. However, vulnerabilities in this mission-critical code have led to significant exploitations and…

Cryptography and Security · Computer Science 2024-01-23 Chaofan Shou , Jing Liu , Doudou Lu , Koushik Sen
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