Too Long; Didn't Read
New blockchain projects treat their security checks as something to get out of the way before their launch, never to be thought of again. Projects that do this seem to think that audits are more for marketing purposes than actual security. The FEG (Feed Every Gorilla) meme token was recently hit by two flash loan attacks which collectively drained $3.2 million USD in funds from the protocol over the course of two days. A good smart contract audit should provide a comprehensive evaluation of a project’s underlying code, but it cannot evaluate any changes or updates that occur after the audit has occurred.