Crypto Capers: Exposing High-Stakes Exploits and Advanced Defenses

Shield and Sword: The Ongoing Offensive and Defensive Tactics in DeFi

Embark on a journey through a year of cunning DeFi exploits and ingenious defenses. From the staggering $6.9M Lodestar heist to the bold $20M MEV Bots attack and the intricate unraveling of the $200M Euler Finance case, our annual review delves into significant security challenges and defenses, offering invaluable insights into the DeFi security.

Oracle and Contract Exploits

1. Unveiling a $6.9M theft through oracle manipulation in DeFi, revealing how attackers exploited the plvGLP and GLP exchange rate using flash loans for a significant protocol-wide impact.

   $6.9M Lodestar Exploit: Oracle Manipulations Through Attacking Issuance Mechanism Vulnerabilities

2. A comprehensive examination of the Curve Vyper exploit including transaction timelines and arbitrage responses, showcases its far-reaching consequences.

   Unraveling the Curve Vyper Exploit and Chain-Reaction Arbitrages: A Comprehensive Storyline by EigenPhi

3. Exploration of how a dormant contract's exploitation was manipulated, resulting in a $27K arbitrage profit through intricate financial maneuvers including flash loans.

   Using An Antique Contract to Manipulate cDAI and Curve, Searcher Profit $27K in One TX

Defensive Strategies in DeFi

1. Highlighting the critical need for robust oracle security in the Twitter Space on "How to Prevent DeFi Oracle Attack," focusing on significant exploits and advocating for solutions like isolation mechanisms and proactive monitoring.

   Highlights from Twitter Space: How to Prevent DeFi Oracle Attack

2. Forensic breakdown of an $800k reentrancy exploit, focusing on the strategic manipulation of B-wst-ETH's price and emphasizing the need for continuous security updates in DeFi.

   Sturdy Finance Under Siege: A Forensic Analysis of the $800K Exploit and Tips to Fortify DeFi

High-Value Heists

1. Delve into a $200 million heist, examining the rise and fall of Euler Finance's collateral value and the broader impact on crypto whales and third-party protocols.

   $200 Million Heist Unmasked: Unraveling the Winners & Losers of the Epic Euler Finance Exploit Through Token Flow Analysis

2. An expose on a $20 million loss inflicted by a validator exploiting a bug in Ethereum's MEV Boost Relay, significantly disrupting the ecosystem.

   How Did A Malicious Validator Steal $20 Million From MEV Bots by Attacking Ethereum MEV Boost Relay

Targeted Bot Attacks

1. An intricate $177k baiting strategy targeting MEV arbitrage bots using manipulated token contracts and callback functions, exposing the ongoing conflict in the MEV space between attackers and defenders. https://eigenphi.substack.com/p/anatomy-of-baiting-attack-on-mev-arb-bots

Flash Loan and Sandwich Attacks

1. A case study of a complex sandwich attack against the Ethereum Foundation, resulting in a $9.1K loss, showcasing the intricate strategies involving AAVE, Uniswap V3, and Balancer. https://eigenphi.substack.com/p/flash-loan-sandwich-attack-on-etherum-foundation

This annual review not only underscores the sophistication of attacks in the DeFi space but also highlights the continual advancement of defensive strategies essential for mitigating these risks. Stay informed and ahead by subscribing to our channel.

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2023 Annual Review Series

• Wild Swings and Whip Lashings: 2023's Unforgettable Impact on DeFi in These Research

• The 5 Most Popular Strategy Analyses Among Our YouTube Viewers: From 290x ROI To $29K Profit

• MEV Spotlight: Unveiling the Tactics and Opportunities in MEV Arbitrage

• Special Feature: Behind the Blocks - Navigating the Silent Power Shifts in the MEV Supply Chain

• Blueprint Conversations of DeFi's Future: Profits, Protocols, and Power Dynamics Unveiled

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Coming up tomorrow: We delve into exceptional trading strategies, sharing indispensable insights that you won't want to miss!

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