Exploit
An attack that takes advantage of bugs or design flaws in code. Exploits can drain millions from smart contracts in seconds.
Example
Hackers finding a bug that lets them withdraw more than they deposited, draining $600 million from Ronin Bridge.
Related Terms
Advanced Concepts
📊Key Numbers
$1.7B+
2023 Losses
from hacks and exploits
$600M
Largest Hack
Ronin Bridge (2022)
⚠️Risks & Warnings
- •Flash loan exploits can attack with billions of dollars instantly
- •Reentrancy attacks trick contracts into sending funds multiple times
- •Oracle manipulation causes wrong prices and liquidations
- •Admin key compromises give attackers full control