Doc link: https://github.com/CASTVELL/Sperax-Auditory-Report/blob/main/SPERAX%20Protocol%20AUDIT%20Castvell.pdf

Update

Caution

• One year after I authored this DEFI security report, a similar protocol was hacked exploiting the vulnelarities I found here.
• The event on this similar protocol Terra Luna led to a significant loss of USD 40 Billion in market capitalization for the protocol.

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Sperax Protocol Auditory Report

Tip

Audit to Sperax protocol, deep vulnerabilities analysis and possible solutions.

• In this audit, I identified a critical vulnerability in the protocol design.
• Additionally, I provided recommendations on how to fix this vulnerability.

Media Links

Important

• https://futurumgroup.com/insights/terras-not-so-stablecoin-ust-collapses-resulting-in-over-40-billion-in-losses/
• https://www.forbes.com/sites/lawrencewintermeyer/2022/05/25/from-hero-to-zero-how-terra-was-toppled-in-cryptos-darkest-hour/
• https://www.nytimes.com/2022/05/18/technology/terra-luna-cryptocurrency-do-kwon.html