{"id":30913,"date":"2020-10-29T14:19:36","date_gmt":"2020-10-29T12:19:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30913"},"modified":"2025-08-28T00:39:04","modified_gmt":"2025-08-27T21:39:04","slug":"study-finds-most-dex-unsafe-for-users","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/study-finds-most-dex-unsafe-for-users\/","title":{"rendered":"Study finds most DEX unsafe for users"},"content":{"rendered":"<p>Only two of the 25 considered decentralized exchanges (DEX), Uniswap and Synthetix, received the highest safety score. The scores of 14 of them were unsatisfactory. The rating is presented on <a href=\\\"https:\/\/cer.live\/defi\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Cer.Live<\/a> \u2014 a platform by Hacken, a cybersecurity company.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We are pleased to present Decentralized Exchange Ranking Methodology.<\/p>\n<p>In the second half of October, <a href=\\\"https:\/\/twitter.com\/hashtag\/CER?src=hash&#038;ref_src=twsrc%5Etfw\\\">#CER<\/a> will publish the rating of DEXs on the <a href=\\\"https:\/\/t.co\/evmQIH6XQJ\\\">https:\/\/t.co\/evmQIH6XQJ<\/a>, hence the analysts present an overview ranking methodology.<\/p>\n<p>Read More: <a href=\\\"https:\/\/t.co\/ILL1Fkpf8T\\\">https:\/\/t.co\/ILL1Fkpf8T<\/a><a href=\\\"https:\/\/twitter.com\/hashtag\/Hacken?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Hacken<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/DEX?src=hash&#038;ref_src=twsrc%5Etfw\\\">#DEX<\/a> <a href=\\\"https:\/\/t.co\/88LHDt08E2\\\">pic.twitter.com\/88LHDt08E2<\/a><\/p>\n<p>\u2014 Hacken (@hackenclub) <a href=\\\"https:\/\/twitter.com\/hackenclub\/status\/1318197852221460486?ref_src=twsrc%5Etfw\\\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The rating methodology is based on a set of issues peculiar to DEXs. These include listing of fake tokens, price slippage, delays in transaction confirmations, and the lack of data on quoted trading pairs.<\/p>\n<p>The final score in the rating was also influenced by the presence of audits, bug bounties, and end-to-end security.<\/p>\n<p>The next step after analyzing all criteria was assigning a score on a scale from 1 to 10.<\/p>\n<p>Hacken defined that a score above 8 is categorized as \u201chigh,\u201d 6 to 8 as \u201cgood,\u201d and anything below as \u201cunsafe.\u201d<\/p>\n<div id=\\\"attachment_114714\\\" style=\\\"width: 881px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-114714\\\" class=\\\"wp-image-114714 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-29-2020-2_07-PM.png\\\" alt=\\\"\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043d\u0438\u0435: \u0431\u043e\u043b\u044c\u0448\u0438\u043d\u0441\u0442\u0432\u043e DEX \u043d\u0435\u0431\u0435\u0437\u043e\u043f\u0430\u0441\u043d\u044b \u0434\u043b\u044f \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439\\\" width=\\\"871\\\" height=\\\"938\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-29-2020-2_07-PM.png 871w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-29-2020-2_07-PM-279x300.png 279w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-October-29-2020-2_07-PM-768x827.png 768w\\\" sizes=\\\"auto, (max-width: 871px) 100vw, 871px\\\" \/><\/p>\n<p id=\\\"caption-attachment-114714\\\" class=\\\"wp-caption-text\\\">DEX security rating. Source: CER.Live.<\/p>\n<\/div>\n<p>Such a low share of \u201csafe DEX\u201d was attributed by the rating\u2019s authors to the specifics of auditing trading platforms. Many did not repeat this procedure after code changes. Some DEX had their rating lowered due to the long time since the last audit, while others abandoned the practice altogether.<\/p>\n<blockquote>\n<p>\u00abSix of the 25 decentralized exchanges did not present an audit. They cannot be in the \u201csafe\u201d category by definition\u00bb, the researchers noted.<\/p>\n<\/blockquote>\n<p>Experts likewise criticized the decision of some DEX to hire individual specialists rather than reputable firms for audits.<\/p>\n<p>In their study of DEX security, Hacken concluded that users are more frequently exposed to fraud risk than to hacks:<\/p>\n<blockquote>\n<p>\u00abEven though there have been no significant hacks on decentralized exchanges compared with centralized platforms, DEX users are more frequently subjected to fraud attempts\u00bb, the experts stressed.<\/p>\n<\/blockquote>\n<p>Hacken recommended that DEX adopt best industry practices to create a safer trading environment for users.<\/p>\n<p>In July, the analytics service CoinGecko integrated into the so-called \u201cTrust Score\u201d metrics for assessing the security of cryptocurrency exchanges, based on Cer.Live data.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only two of the 25 considered decentralized exchanges (DEX), Uniswap and Synthetix, received the highest safety score. The scores of 14 of them were unsatisfactory. The rating is presented on Cer.Live \u2014 Hacken&#8217;s cybersecurity company.<\/p>\n","protected":false},"author":1,"featured_media":30914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1111,787,167],"class_list":["post-30913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybersecurity","tag-dex","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30913"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30913\/revisions"}],"predecessor-version":[{"id":30915,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30913\/revisions\/30915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30914"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}