Most security incidents are made up of a series of processes rather than being completed instantly. The earlier the abnormal transactions in smart contracts are detected, the better the chance to reduce or retrieve losses. According to our long-term follow-up research, flash loans have become the most common methods of attackers. Therefore, DVP has developed a monitoring and risk warning tool for flash loan incidents and launched it on June 10.
The Risk Warning tool monitors the on-chain transaction data of BSC-based and Ethereum-based smart contracts supporting flash loans in real-time, and issues alerts on the flash loan transaction risk in time after multi-dimensional intelligence analysis. Therefore users can conduct security checks in time and protect their assets on chain.
Meanwhile, DVP launched a security incident reporting tool, which conducts real-time collections of all the latest security incident warnings issued by various security agencies on different media. Comprehensive and easy-to-read reportings will be published after collating, making it possible for users to find problems immediately and prevent further losses.
DVP will continue to optimize the reporting speed, improve the judgement criteria, and enhance the real-time and reliability of risk warnings.
