Vandal: A Scalable Security Analysis Framework for Smart Contracts

TL;DR

Vandal is a scalable framework that converts Ethereum smart contract bytecode into logic relations, enabling efficient security analysis to detect vulnerabilities with high accuracy and speed.

Contribution

It introduces a novel analysis pipeline that translates low-level bytecode into logic relations, allowing declarative security analysis and outperforming existing tools.

Findings

Analyzed over 141,000 smart contracts with 95% success rate

Average analysis time of 4.15 seconds per contract

Outperforms state-of-the-art tools like Oyente and Mythril

Abstract

The rise of modern blockchains has facilitated the emergence of smart contracts: autonomous programs that live and run on the blockchain. Smart contracts have seen a rapid climb to prominence, with applications predicted in law, business, commerce, and governance. Smart contracts are commonly written in a high-level language such as Ethereum's Solidity, and translated to compact low-level bytecode for deployment on the blockchain. Once deployed, the bytecode is autonomously executed, usually by a %Turing-complete virtual machine. As with all programs, smart contracts can be highly vulnerable to malicious attacks due to deficient programming methodologies, languages, and toolchains, including buggy compilers. At the same time, smart contracts are also high-value targets, often commanding large amounts of cryptocurrency. Hence, developers and auditors need security frameworks capable of analysing low-level bytecode to detect potential security vulnerabilities. In this paper, we present Vandal: a security analysis framework for Ethereum smart contracts. Vandal consists of an analysis pipeline that converts low-level Ethereum Virtual Machine (EVM) bytecode to semantic logic relations. Users of the framework can express security analyses in a declarative fashion: a security analysis is expressed in a logic specification written in the \souffle language. We conduct a large-scale empirical study for a set of common smart contract security vulnerabilities, and show the effectiveness and efficiency of Vandal. Vandal is both fast and robust, successfully analysing over 95\% of all 141k unique contracts with an average runtime of 4.15 seconds; outperforming the current state of the art tools---Oyente, EthIR, Mythril, and Rattle---under equivalent conditions.