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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
SEC Charges FTX Auditor for Helping Clients Violate Securities Laws
2.10.2023
The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....
Banana Gun’s failed contract passed 2 audits, but ChatGPT found the bug in seconds
12.9.2023
Banana Gun’s newly launched token plummeted more than 99% within three hours of its launch after a bug was discovered in the token's contract
What Are Smart Contracts? Unpacking Today’s Digital Agreements
10.9.2023
In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer? Here’s a concise overview of smart...
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...
Richard Ma, CEO of Quantstamp, on Blockchain Security, Web3 Audits, and Smart Contracts | Ep. 260
29.8.2023
In an exclusive interview with cryptonews.com, Richard Ma, Co-Founder and CEO of Quantstamp, talks about smart contract audits, the most common types of Web3 hacks, and the role security plays in helping Web3 achieve mainstream adoption. ...
Read More: Richard Ma, CEO of Quantstamp, on Blockchain...
Cypher Says Token Offering Part of Steps to Make Users Whole
25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...
Ensuring integrity of blockchain transactions: Trust through audits
4.8.2023
Reliable auditing procedures are important for ensuring the integrity of blockchain networks
Worldcoin releases audit reports showing resolved security issues
29.7.2023
The proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated
Aave Launches GHO Stablecoin on Ethereum Network
17.7.2023
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live...
Here’s what SOC 2 compliance audits mean for crypto projects
10.7.2023
While the audit demonstrates trust and transparency, Eric Lister from audit firm A-LIGN explained that it does not improve business systems
Coinbase's Base Prepares for Mainnet Launch With Slew of Security Audits
29.6.2023
The layer 2 blockchain pioneered by Nasdaq-listed crypto exchange Coinbase has detailed the security testing taken ahead of its public launch later this year
Crypto security audits and bug bounties are broken: Here’s how to fix them
6.4.2023
Are crypto auditing incentives designed to make the client happy rather than deliver bad news? What happens if you don’t pay out bug bounties?
US lawmakers reiterate concerns about 'sham' crypto firm audits to PCAOB
22.3.2023
Two U.S. senators cited the collapse of FTX when writing to the PCAOB chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
21.3.2023
Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system
Euler Finance hacked despite 10 audits in 2 years, says CEO
17.3.2023
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son
ChatGPT won’t replace developers - ETHDubai devs weigh in
15.3.2023
The latest version of ChatGPT is able to identify Ethereum smart contract vulnerabilities and exploits - but will it replace developers in the future?
Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy
11.3.2023
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...
SEC to target crypto firms operating as 'qualified custodians' — Report
14.2.2023
If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC