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What are proof-of-reserves audits, and how do they work?
20.3.2025
Key takeawaysPoR audits are cryptographic verifications used by cryptocurrency exchanges to prove they hold sufficient assets to cover customer deposits. Using methods like Merkle trees and zero-knowledge proofs, PoR ensures transparency, similar to how capital reserves are mandated...
Third-Party Audits Clear Bybit in Safe Wallet Breach by Lazarus Group
26.2.2025
Bybit stated its infrastructure was unaffected in the $1.4 billion security incident involving compromised developer machine credentials at Safe Wallet, which enabled unauthorized transactions. Bybit Confirms Systems Secure After Safe Wallet Attack A forensic investigation into the breach revealed...
Elon Musk: IRS relies on old computers, ‘can’t pass basic audits’
9.12.2024
The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration
Elon Musk: IRS relies on old computers, ‘can’t pass basic audits’
9.12.2024
The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration
SEC Fines Prager Metis $1.95M Over Negligent FTX Audits
17.9.2024
The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising...
Base DeFi project disappears after rug pull
16.9.2024
BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract
Binance Hires UK Accounting Firm Grant Thornton To Advise on Audits
4.9.2024
Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday
California lawmakers push through controversial AI bill opposed by OpenAI
29.8.2024
California lawmakers advance a controversial AI safety bill, SB 1047, despite pushback from major tech companies and now awaits full approval of Governor Gavin Newsom
Audited, Yet Hacked: The Critical Role of Real-Time Monitoring in Web3
27.8.2024
In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds from hacks. However, recent data reveals a stark...
Optimism Labs Posts Upgrade Proposal After Community Audits
17.8.2024
In a move that’s sure to turn heads in the crypto universe, Optimism Labs has just rolled out…
Euler announces 29 audit reports after $4M spent to shore up security
12.8.2024
Some vulnerabilities in Euler v2 were found and resolved, and a subsequent $1.25 million bug bounty contest found no vulnerabilities of medium or greater severity
Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting
20.6.2024
Software from Web3 accounting company Tres works with a wide range of digital asset networks, and can be integrated with accounting software such as QuickBooks, Xero and NetSuite
Blockchain-powered audits with community in mind: Hats Finance joins Cointelegraph Accelerator
5.6.2024
Hats Finance, a community-focused audit platform that enables permissionless on-chain competitions and bug bounties has joined the Cointelegraph Accelerator program
Vitalik Buterin Floats Idea of AI-Based Code Audits, Ethereum Project Developers Back Him Up
22.2.2024
In 2023, crypto users lost an estimated $2 billion to hacks and scams, with Ethereum experiencing the highest losses due to its extensive ecosystem and high-profile projects
Gov’t Servers in South Korean City ‘Infected with Crypto Mining Malware’
16.1.2024
Source: iuliia_n/Adobe Crypto mining malware has been found on two government servers in the South Korean city of Daejeon, an audit has found. Per MBN, the nation’s Ministry of Public Administration and Security commissioned biannual audits of the city government’s servers. During...
Crypto Crooks Sent Over $300M to Bitcoin Mixers in 2023: CertiK Research
14.12.2023
Following the demise of the popular crypto mixing protocol, Tornado Cash, the Bitcoin ecosystem has become a preferred avenue for discreet fund movement, according to research by blockchain analytics firm CertiK. In its recent report, CertiK, known for conducting smart contract audits and on-chain...
Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity
29.11.2023
Experts say AI has huge potential in smart contract audits and crypto security in future. Unfortunately, ChatGPT sucks at it right now
Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says
29.11.2023
CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues
Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined
27.10.2023
Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply
85% of crypto rug pulls in Q3 didn’t report audits: Hacken
25.10.2023
A cryptocurrency rug pull is one of the simplest scams to prevent, according to blockchain security auditor Hacken