DeFi and security not mutually exclusive, say CertiK and Binance Smart Chain ...
The crypto space continues to build frameworks to supplement DeFi's rising star. Keeping pace with the rapidly developing decentralized finance niche within the crypto industry, major crypto exchange Binance has called on blockchain auditing company CertiK to beef up its platform's security. "The rapid innovation and experimentation of DeFi is what makes it so great, but speed should not compromise security," CertiK's chief operating officer, Daryl Hok, told Cointelegraph. "We're providing a way for early adopters to continue to reap the benefits without having to be the guinea pigs....
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Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit on Qubit Finance’s bridge and Certik says the hack is “by far the largest exploit of 2022 to date.” Qubit’s Binance Smart Chain Ethereum Cross-Chain Bridge Attacked for $80 Million in Defi Tokens A decentralized finance (defi) exploit tied to Qubit Finance’s Binance smart....
The Series B funding round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures. Blockchain security firm CertiK announced Wednesday that it has received $37 million in fresh financing to expand its product and security capabilities for the cryptocurrency and DeFi industries. “We’re proud to advance transparency in the space by providing the tools and resources – including our official audit reports – so the community can make sense of vital security information,” said CertiK co-founder Professor Ronghu Gu.Kai Jiang, a partner at Coatue Management,....
The security company wants to build a formally secure blockchain for DeFi CertiK, a software security company active in the blockchain sector, announced the mainnet release of its own custom blockchain, the CertiK Chain.The new blockchain places a heavy focus on security, turning the previously static process of analyzing smart contracts into a real-time safeguarding system.Professor Ronghui Gu, the CEO of CertiK, said, “Gone are the days of reliance on off-chain security analysis, static security audit reports, and unnecessary loss of time and money.” The CertiK Chain is “setting a new....
An automated tool can help pick the low-hanging fruit vulnerabilities. Security company CertiK announced on Thursday the launch of QuickScan, an automated tool for scanning smart contracts for vulnerabilities.While it will not be a stand-alone tool, the suite is set to improve the analysis performed by the security oracles of CertiK Chain (CTK). QuickScan checks deployed smart contracts against a database of known vulnerabilities, using static and dynamic analysis techniques that check the bytecode, source code and access parameters for each smart contract.Daryl Hok, chief operating....
Here at Bicoinist, we’re covering the Binance Smart Chain’s growth as it happens. They might be the world’s biggest cryptocurrency exchange, but we’re still in awe of what Binance built seemingly overnight. And about the contributions they’ve made to the DeFi space in such a short period of time. But, can the Binance Smart Chain […]