Smart Contract Risk
German: Smart-Contract-Risiko
The risk that deployed code behaves other than intended or is exploited, causing irreversible loss without any counterparty default.
Why people look this up
Risk officers needing a category that does not exist in traditional risk taxonomies.
Auf Deutsch
Smart-Contract-Risiko — Das Risiko, dass veröffentlichter Code anders als beabsichtigt arbeitet oder ausgenutzt wird und dadurch unumkehrbare Verluste ohne jeden Kontrahentenausfall entstehen.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.