failure family

smart contract bug and exploit

14 claims across 13 works.

• dao-code-exploit: The DAO failed because of fundamental flaws in its own code, which allowed hackers to move one third of its funds to a subsidiary account, showing tha
• technology-risk-exposure: Because American funds lean on smart contracting, they have a better opportunity to launch disruptive blockchain implementations, but they may also ex
• dao-code-vulnerability: The DAO failed because its code had not yet been perfected: hackers took a third of the DAO tokens and transferred them to another account, and that h
• dao-code-exploit: Fundamental flaws in the DAO's code let hackers move one third of its total funds to a subsidiary account, and that hack together with further technol
• unauthorized-veto-provision-unenforceable: Absent explicit statutory authorization, many courts have refused to enforce veto provisions contained in shareholder agreements, which is why such pr
• DAO code flaw exploit: Fundamental flaws in the DAO's code allowed hackers to move one third of contributed funds to a subsidiary account, ending that initiative, but the fl
• DAO code exploit: Fundamental flaws in the DAO's code allowed hackers to transfer one third of the total contributed funds to a subsidiary account, and this together wi
• unquantifiable technology risk: Blockchain based offerings introduce technology risks from code design and functioning and from third party intrusions that are generally absent in tr
• dao-code-exploit: Fundamental flaws in the DAO code enabled hackers to transfer one third of total funds to a subsidiary account, and that hack combined with additional
• unverifiable-code-behavior: In more complex smart contracts the counterparties cannot fully know whether the contract will do what it was programmed to do, or whether it will con
• bugs-in-simple-contracts: Even small and simple smart contracts often contain bugs that trigger unforeseeable consequences, so contract simplicity is not by itself a guarantee
• blind approval: Code confusion produces blind approval, where a reviewer hopes a co-worker knows what they are doing and approves a change without understanding it, w
• unmitigated-contract-risk: Infrastructure level permissioning neglects critical risks such as smart contract exploits, bugs, and permission conflicts, and proposes no real time
• smart contract exploit: Smart contract exploits are a live failure channel for LER, capable of producing losses on the scale of DeFi incidents that have exceeded $1 billion a