CertiK's identification of Crypto Cars as 'rug pull' was a false alarm
A temporary website outage of the project's main site, among other factors, led to the error. In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a leading cybersecurity ranking platform in the blockchain space, issued a warning via Twitter regarding CryptoCars, alleging that it was a "rug pull." However, the staff quickly deleted the post as it was a false alarm.Via a series of....
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Blockchain security firm CertiK warned users to stop interacting with Arbix Finance as they have identified the project as a rug pull. Binance Smart Chain-based yield farming protocol Arbix Finance was identified by blockchain security company CertiK as a rug pull. According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm states that "The ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted to 8 addresses," and 4.5 million ARBX was minted to a single address. Following this, CertiK confirmed that....
Certik, a Web3 and blockchain auditing and security firm, has raised $88 million in its recent B3 funding round. The round, which was led by Tiger Global and included Goldman Sachs as an investor in the firm, gives the company a valuation of $2 billion. This doubles the valuation that Certik reached via its last funding round in November 2021.
Certik Reaches $2 Billion Valuation
Certik, a blockchain auditing firm, has closed its Series B3 financing round with a significant increase in investments. The company raised $88 million, with Tiger Global, Insight Partners, and Advent....
The level of security provided by SMS pales in comparison to authenticators or physical security keys, CertiK's Jesse Leclere says in an interview. Using SMS as a form of two-factor authentication has always been popular among crypto enthusiasts. After all, many users are already trading their cryptos or managing social pages on their phones, so why not simply use SMS to verify when accessing sensitive financial content?Unfortunately, con artists have lately caught on to exploiting the wealth buried under this layer of security via SIM-swapping, or the process of rerouting a person's SIM....
Recently, the CertiK company officially confirmed that the NFT STARS smart contract is functioning properly and without any risk. This makes it hacker-resistant and was awarded a 99% score for its security. The detailed analysis of the platform showed that no vulnerability issues were detected. Each and every piece of code has been checked for […]
As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.