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Crypto and Decentralized Finance Under Stress

A Comprehensive Risk Assessment of Vulnerabilities and Attack Techniques

Paperback Engels 2026 9783032284242
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Samenvatting

The book offers an overview of the main financial and operational risks in cryptocurrency markets and Decentralized Finance. It outlines the role of stablecoins, crypto-investment products, and multi-function ecosystems, highlighting vulnerabilities linked to reserves, leverage, and protocol interdependencies. The book distinguishes traditional risks from those rooted in smart-contract logic, oracle manipulation, governance failures, and cross-chain bridges. An empirical section analyzes attack frequency, stolen amounts, and evolving exploit techniques, showing a shift toward complex schemes using flash loans and oracle distortions. The book also examines mixers and presents the Ronin case. The final chapters discuss technical and governance measures to mitigate risks and provide regulatory recommendations.

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Inhoudsopgave

Chapter 1. Financial intermediation and trust in DeFi.- Chapter 2. Traditional and specific risks of DeFi.- Chapter 3. DeFi crypto assets: Stablecoins, Crypto Asset Investment Products, and Multifunctional Groups.- Chapter 4. DeFi under stress: statistics on fraudulent events.- Chapter 5. A proposal for a new DeFi risks taxonomy.- Chapter 6. Mixers as risk multipliers in the DeFi ecosystem.- Chapter 7. Implications and policy recommendations.

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          Crypto and Decentralized Finance Under Stress