Enter Verite—the world’s first profit-centric smart contract fuzzing framework. By simulating attacker logic and automating profit maximization, Verite transforms security from reactive detection to proactive defense, bridging the gap between vulnerability discovery and real-world exploitation.
2023-11-11 02:59:23 a.m., our MetaScout detected that the stablecoin protocol on #Ethereum, Raft, was under a flash loan attack. It resulted in ~6.7m stablecoin $R being minted and the protocol lost $3.6M. The root cause is the precision calculation issue when minting share tokens, which is used by the hacker to get extra share tokens. MetaTrust Labs conducted in-depth research and analysis on the exploit, revealing how the hacker exploits vulnerability.