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Report: Unverified smart contracts become new targets for attackers, $36.7 million stolen in six months

MarsBitNews
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Mars Finance News, according to a Chainalysis report, over the past six months, at least $36.7 million has been stolen from protocols with unverified source code, involving protocols such as Truebit, Trusted Volumes, Aperture Finance, and Ekubo. Attackers are finding vulnerabilities by decompiling the original bytecode. AI-assisted vulnerability development is accelerating this trend, as large language models can scale the identification of vulnerability patterns. Chainalysis points out that unverified contracts lack community review and are often excluded from bug bounty programs. The barriers to AI decompilation and vulnerability analysis are rapidly decreasing, allowing attackers to systematically scan thousands of unverified contracts. Protocols should verify all contract code, audit deployed contracts, expand bug bounty coverage, and implement real-time on-chain monitoring. Every unverified contract is a potential target for automated scanning; relying solely on obfuscation as a security measure is no longer effective.
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