CYBER THREATS TO TOKENIZED ASSETS IN INTERNATIONAL FINANCE: “REACTIVATION”

Abstract

The rapid development of blockchain technologies has led to the emergence of tokenized assets, which is already claiming the title of one of the key innovations in international finance. Although tokenization is a promising direction for the development of the international financial system, it also introduces new cyber risks associated with vulnerabilities in smart contracts. This article examines one of the most influential risks, “reactivation” attacks, and assesses their impact in the context of international financial relations. The study highlights the economic consequences of smart contract vulnerabilities, including financial losses, reduced investor confidence, and systemic risks for global financial markets. Based on the results of the analysis, a list of recommendations has been formed to minimize the likelihood of occurrence and spreading of understanding of the consequences of the “reactivation” vulnerability. The conclusions emphasize the need to improve security standards and spread understanding of the threat to ensure the sustainable development of tokenized financial instruments.