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Why Smart Contract Audits Are Worth Every Penny: Learning from 2024's Major Hacks
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Joined: 10/15/2024(UTC) Posts: 16
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Hey frinds! Let's talk about why skipping smart contract audits is like playing Russian roulette with your project's funds. Despite typical smart contract audit cost may range between $5K to $50K depending on complexity, it's a fraction of what you could lose. Just look at 2024's wake-up calls: Munchables GameFi hack (Jan 2024): $63M lost due to access control flaws Atomic Wallet exploit (March 2024): $100M drained through a vulnerability in signature verification Dough Finance flash loan attack (July 2024): The platform suffered a loss of $1.8M due to flash loan attack These hacks were preventable with proper auditing that would have caught: Re-entrancy vulnerabilities Improper access controls Logic flaws in mathematical operations Timing attack vulnerabilities Unsafe external calls Remember: The smart contract audit cost is your project's insurance policy. The more complex your contract, the more critical the audit becomes. Yet, you can’t ignore the security. Don't be the next cautionary tale!
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Why Smart Contract Audits Are Worth Every Penny: Learning from 2024's Major Hacks
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