November 12, 2025
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Customer Story

Olympix Partners with Cork Protocol to Advance DeFi Security Infrastructure

Strategic Partnership Introduces Continuous Security Analysis to Address Limitations of Traditional Audit Processes

Olympix is proud to announce a strategic partnership with Cork, introducing continuous, adversarial-grade security analysis into their development pipeline. This isn’t about stacking more audits. It’s about shifting security left: building confidence into every line of code as it’s written.

About Cork Protocol

Cork introduces a new primitive for tokenized risk, serving as a programmable risk layer for onchain assets such as vault tokens, yield-bearing stablecoins, liquid (re)staking tokens and RWAs. Cork’s core primitive enables asset managers and issuers to spin up custom swap markets that enhance redemption liquidity, risk transparency, and market confidence for their onchain assets. Backed by a16z crypto, OrangeDAO, and Steakhouse Financial, Cork is building the risk infrastructure needed to bring institutional capital into onchain credit markets. As a part of building an institutional grade product, institutional level security including multiple audits, formal verification and extensive test coverage is part of the product development lifecycle to set a high bar for responsible DeFi engineering.

The Olympix Security Framework: Built for Modern DeFi

Auditors today spend too much time finding low-hanging vulnerabilities, unprotected functions, unchecked calls, and unused code paths. Olympix eliminates that grunt work by detecting those issues as code is written. That frees auditors to focus on what only humans can do: interrogate protocol logic, scrutinize novel architectures, and catch design-level edge cases. 

Here's how Olympix is now embedded in Cork’s development lifecycle:

  1. Real-Time Static Analysis. Olympix’s IR-powered analyzer scans every commit, catching unsafe state transitions, authorization gaps, and hidden dependency risk—before tests are even written. With a 75% real-world bug detection rate (compared to Slither’s 15%), this isn’t linting; it’s proactive defense.
  2. Economic Attack Simulation. DeFi vulnerabilities often stem from economic manipulation as opposed to code exploits. Olympix stress-tests for these threats—flash loan dynamics, oracle instability, and illiquid market conditions —directly challenge the protocol’s economic logic.
  3. Mutation Testing for Exploit Coverage. Olympix mutates Cork’s contracts to simulate adversarial edge cases. 
  4. Integration-Aware Vulnerability Detection. Dependency issues don’t show up in isolated tests. 

By integrating Olympix, Cork is eliminating vulnerabilities before they can be audited, let alone exploited. It’s not about replacing auditors, but about enabling them to focus on true protocol invariants, not boilerplate issues.

Conclusion: Build Security Into the Code, Not After It 

Cork’s partnership with Olympix is a blueprint for how serious teams handle risk in 2025, forged by real-world experience with the limitations of traditional security approaches. Audits are still necessary, but they can't carry the entire weight of protocol security. Not when attack vectors are evolving weekly and integration paths are multiplying by the day. 

What's needed is a development pipeline that treats security as a continuous process, not a quarterly event. By adopting Olympix, Cork has moved from checklists to continuous coverage. From mitigation to prevention. From static reports to live detection. This is what modern DeFi security looks like. And it's what every high-stakes protocol should be building toward, before they learn these lessons through their own exploits.

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  1. Follow-up: Conduct a follow-up review to ensure that the remediation steps were effective and that the smart contract is now secure.
  2. Follow-up: Conduct a follow-up review to ensure that the remediation steps were effective and that the smart contract is now secure.

In Brief

  • Remitano suffered a $2.7M loss due to a private key compromise.
  • GAMBL’s recommendation system was exploited.
  • DAppSocial lost $530K due to a logic vulnerability.
  • Rocketswap’s private keys were inadvertently deployed on the server.

Hacks

Hacks Analysis

Huobi  |  Amount Lost: $8M

On September 24th, the Huobi Global exploit on the Ethereum Mainnet resulted in a $8 million loss due to the compromise of private keys. The attacker executed the attack in a single transaction by sending 4,999 ETH to a malicious contract. The attacker then created a second malicious contract and transferred 1,001 ETH to this new contract. Huobi has since confirmed that they have identified the attacker and has extended an offer of a 5% white hat bounty reward if the funds are returned to the exchange.

Exploit Contract: 0x2abc22eb9a09ebbe7b41737ccde147f586efeb6a

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