MoonSafe Code Audit Shows Suspicious Anomalies, Scam Confirmed?
DeFi liquidity project MoonSafe is caught in a sea of controversy at present. Not only do prominent crypto personalities allege the project is a scam, but an analysis of its code by Obelisk reveals misleading claims about how liquidity provider (LP) tokens are secured. LP tokens are minted and sent to the liquidity provider’s address […]
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Digital currency exchange Prelude, a sub-service of Moolah.io, has released a preliminary audit of its dogecoin balances as part of a larger drive to become more transparent about its finances. The release comes amid ongoing controversy about the status of Moolah's business and requests by site users for more information about its exchange business. The evaluation shows that Prelude had approximately 160m dogecoins (about $72k at press time) on its service, roughly 158m of which are customer funds. The company provided a link to the dogecoin block chain verifying that the funds were under....
After conducting the audit, Ripple CTO Stephan Thomas concluded Kraken has enough Bitcoins in reserve to cover all balances. Bitcoin exchange Kraken has announced it has passed an audit that proves that more than 100% of Kraken's Bitcoins are held in reserve. The whole process shows that Kraken owns the amount of Bitcoins required to cover an anonymized set of customer balances. Improve overall confidence. The audit was conducted by Stephan Thomas, CTO of Ripple Labs. Thomas made a post about him performing the audit voluntarily on March 11th and March 22nd at Kraken's offices in San....
The FTC has alerted everyone to stay vigilant of a new payment scam involving impersonators and crypto ATMs. The United States Federal Trade Commission published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money.According to the FTC, fraudsters pretend to be public officials, law enforcement agents or employees of local utility companies. The imposters also utilize dating apps and pretend to be potential romantic partners or call victims to announce....
Overbooked audit firms are “rejecting” DeFi projects for code checks as the young sector wallows in its first bear market.
Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now a fully licensed and regulated exchange under Estonia’s stringent regulations imposed last fall. The company has been audited by an independent third party which thoroughly examined its accounting....