ChainSecurity presents Monitoring, a customizable security monitor for Ethereum smart contracts. This is the first public system to track smart contracts, such as tokens, for vulnerabilities, hacks and anomalies. In case of vulnerabilities (e.g. because of misconfiguration), it warns the administrators so that they can take precautionary measures. In case of hacks or anomalies, security alerts enable a prompt response. Also, it reduces the trust users and investors need to place in a project, as they can now ensure smart contracts behave as promised in the whitepaper.
Following we showcase the monitoring of two smart contracts:
Visit the real live monitoring of the Maker Token (MKR), the governance token of the Maker platform.
Trace back the exploit of the Beauty Token and see how a monitoring system would have helped to minimize the damage caused.