Trader Joe’s Case Analysis: Why Multi-Auditing of DeFi Projects is Important

Written by alex123 | Published 2021/09/05
Tech Story Tags: sushiswap | hashex | defi | defi-top-story | trader-joe-dex-exploit | smart-contract-security | defi-smart-contract-audit | avalanche-blockchain-security

TLDR Blockchain technology is only as secure as the code written for it. Trader Joe is one of the blockchain projects that, with the help of multi-auditing, avoided a potential catastrophe due to a code vulnerability. The vulnerability in the MasterChefJoeV2 contract was discovered by SushiSwap, not an auditing firm. With $25,000 in rewards at stake, pulling the plug is the option I would take as well. TraderJoe has confirmed they will undergo a new audit to re-evaluate the protocol's security measures.via the TL;DR App
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Published by HackerNoon on 2021/09/05
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