Published on August 23, 2023 13:01 GMT+00:00edited on August 23, 2023 13:04 GMT+00:00

Blockchain security and auditing firm Quantstamp has rolled out what it calls the Economic Exploit Analysis tool, aiming to help identify potential flash loan attack vectors in smart contracts before any hacks occur.

The tool automatically scans for vulnerabilities in the software code of a protocol that could be exploited through flash loan attacks, according to a statement. Quantstamp said it collaborated with the University of Toronto in developing the service, converting its initial academic research into a production-level tool.

The tool is not limited to analyzing only one specific contract or those belonging to a single client. Auditors (those checking the code for security flaws) can use this tool to analyze across various contracts from integrated DeFi protocols, Quantstamp …