Binance Smart Chain Security Tips For dApps Projects

Binance Smart Chain has suffered more than 8 flash loan attacks from well organized hackers that has caused a lot of funds losses.

In accordance to these events,the Binance Chain has asked dapps developers and projects to observe these rules as soon as they started.

1. Work with your audit companies such as PeckShield and Certik to do another health check.
2. Apply necessary risk control measures to actively monitor any abnomality in a real-time manner and pause the protocol if any abnomality occurs.
3. Plan a contingency plan for the worst case scenario.
4. Setup your own bounty program or on the immunefi if possible.

And to always remind users to only invest what they can afford to lose.

#SmartCrypto