Who Audits the Auditors? Smart Contract Audit Token (SCATDAO) to Hold a Publi...
PRESS RELEASE. The world of audit has always had an inherent problem, the conflict of interest that comes from paying for audit services. Auditors are meant to be independent of their clients, but how can you be independent when you are auditing your employer? With countless instances of paid auditors issuing fraudulent attestations to keep their clients happy – say, Enron, WorldCom, and Tyco, to name just a few – the world is finally waking up to the need for alternative decentralized and independent solutions. That’s why we’re enormously excited to be hosting....
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Dyma Budorin thinks the crypto industry would be much safer if smart contract auditors took responsibility for the code they audited. Smart contract auditing firm Hacken CEO Dyma Budorin thinks Web3 cybersecurity providers are failing the crypto industry and that “huge blind spots” in market practices are impacting investor behavior.Budorin believes a lack of accountability and transparency in the audits many providers perform falls short of reassuring users and projects.Currently, smart contract auditors take no accountability if a token they have audited gets hacked due to a bug in the....
What are smart contract audits, how do they work, and how do they benefit the crypto projects who get their code scrutinized? Let's find out. Do smart contract audits improve crypto's image?Blockchain technology is becoming a bigger part of all our lives — and auditors like Hacken are ensuring that crypto projects put their best foot forward.Improving the quality of smart contracts helps reduce those unpleasant headlines about major hacks in the press, and boosts the reputation of crypto projects in the public's eyes.Once an investigation has taken place, Hacken offers labels to ensure....
The demand for blockchain security experts comes amid a rise in crypto hackings in 2022. The rise of crypto hacks over 2022 has skyrocketed demand for blockchain security experts, with some auditors making upwards of $430,000 per year.Speaking with Cointelegraph, blockchain recruitment firm CryptoRecruit founder Neil Dundon said that while security audit services have long been in demand, the rise of decentralized-finance (DeFi) protocols has opened up opportunities for auditors to review potentially vulnerable smart contracts:“There’s always been a demand for security auditors [...] But....
The Ethereum-centric and decentralized protocols software firm Consensys has announced the launch of TURN token, or “Time-Unit Representative NFTs.” Consensys details that TURN tokens will create a new market for tokenized security auditing via Consensys Diligence, the firm’s smart contract audit service. Consensys Diligence to Launch TURN Tokens in Mid-August From August 15th to the 19th, Consensys disclosed a token sale will take place that will feature the company’s TURN token, which stands for “Time-Unit Representative NFTs.” The....
Coinbase has unveiled a new smart contract analyzing tool dubbed “Solidify” to audit Ethereum smart contracts and DeFi clones. Coinbase has unveiled a new tool that can automatically audit smart contracts built on Ethereum that use the Solidity programming language. Designed to be used by smart contract auditors, asset issuers, and other exchanges, the firm has plans to make the tool open source later this year In a June 23 post, Coinbase’s principal blockchain security engineer Peter Kacherginsky announced the firm's new security analysis tool dubbed “Solidify”, which was created to....