The lack of protection against flash loan attacks in the buy
function is a high severity issue that can lead to price manipulation, financial loss, and loss of trust in the auction platform. Implementing a minimum time gap between bids and conducting thorough audits and testing are essential to address this issue and enhance the security and stability of the auction. The severity of this issue is classified as high due to the potential impact on price stability and the risk of financial loss.
The buy
function in the Auction
contract does not have any protection against flash loan attacks. Attackers can use flash loans to buy large amounts of ZENO tokens and then dump them, disrupting price stability and potentially causing significant financial loss to other participants. This can undermine the integrity and stability of the auction process.
Price Manipulation: Attackers can use flash loans to manipulate the price of ZENO tokens, causing significant price volatility and instability.
Financial Loss: Other participants may suffer financial loss due to the price manipulation caused by flash loan attacks.
Loss of Trust: The lack of protection against flash loan attacks can lead to loss of trust in the auction platform, affecting its credibility and user participation.
Minimum Time Gap: Implement a minimum time gap between bids using block.timestamp
to prevent flash loan attacks.
Audit and Testing: Conduct a thorough audit and testing of the contract to ensure that the protection mechanisms are correctly implemented and secure.
The contest is live. Earn rewards by submitting a finding.
This is your time to appeal against judgements on your submissions.
Appeals are being carefully reviewed by our judges.