SlowMist Security Engineer: Security audit is currently the most cost-effective way to protect the safety of DeFi projects
On December 30, at the Hacking Time Blockchain Security Summit hosted by SlowMist Technology, SlowMist Technology senior security engineers yudan and Kong introduced the basic forms of lightning loan attacks based on bZx's two earliest lightning loan attacks. —— Token price manipulation, detailed description of the defense scheme of lightning loans based on price manipulation and how to use lightning loans to find another way to profit by manipulating the unit price of LP Token when the price cannot be manipulated. And through the slow mist hacked archives, we reviewed the 2020 DeFi hacking event with everyone. Yudan and Kong believe that the DeFi security situation is severe, and security audits are currently the most cost-effective way to protect project security. In the current DeFi dark forest, we are walking in Linyuan and need to walk on thin ice.