smart contracts

We in DeFi like to finger-wag, we like to congratulate ourselves on immutable smart contracts and decentralized governance. We sweat the details down to the last line of code. With every audit, we are made increasingly sure that the decisive security battle is not lost nor won in that place....

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Octane, a new cybersecurity startup dedicated to categorizing and protecting smart contracts, closed a successful seed funding round just last week. Archetype and Winklevoss Capital spearheaded this phenomenal financial accomplishment. The company intends to use the new capital to expedite product development, boost hiring, and scale-label vulnerability data.Founded by Giovanni...

Okay, let's talk about the KiloEx hack. $7.5 million gone. Poof. Another day, another DeFi disaster. This isn't just another statistic. It's a glaring spotlight on a fundamental flaw in the very foundation of decentralized finance: the reliance on centralized oracles.DeFi's Centralized Heartbeat – OraclesWe’re peddled this utopia of decentralized,...