SEAL DRILLS Web3 incident simulation, training, and reporting
Disclaimer: this blog post is intended as an academic, ethnographic research piece. The authors are not employed by
Chaos Team”. More broadly, it marks an effort to shift the security landscape of the cryptocurrency ecosystem and presents insights into how formal and informal accountability mechanisms are developed in open-source, permissionless infrastructure. Content Overview Introduction Chaos Team’s process includes engagement with a protocol team, background open-source research to understand the network services associated with the target protocol, a tabletop exercise to plan the simulation, and finally a window of time in which the simulated attack with occur to test the protocol team’s response. In an interview with Isaac Patka, Founder of Shield3 security firm and leader of
red team declared that Yearn’s effort was “impressive”. This was particularly regarding their pre-prepared emergency manuals, although the exercise itself warranted a review and update of these. The Yearn team responded rapidly to identify the root cause of the attack was a dependency on a price oracle and not an issue with their code. They did acknowledge they could have done some things better, particularly the time to action the emergency exit mode to limit new deposits.
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