A smart contract audit gap is the discrepancy between the security assurances provided by a smart contract audit and the actual remaining vulnerabilities within the contract’s code or logic. This gap can arise from incomplete audit scopes, the rapid pace of development introducing new code after an audit, or the inability of auditors to identify all subtle or economic exploits. Such a gap represents a significant risk, potentially leading to unforeseen security breaches. It highlights the limitations of point-in-time security reviews.
Context
Smart contract audits are a standard practice in the digital asset space, yet news frequently reports on exploits occurring even after audits have been completed. These incidents often reveal a smart contract audit gap, where complex interactions or economic incentives were overlooked. The industry is continuously seeking ways to close this gap through more comprehensive auditing methodologies, formal verification, and ongoing security monitoring.
A logic flaw bypassed a critical solvency check in the lending contract, allowing unauthorized collateral withdrawals and compromising protocol integrity.
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