audits – DIGIT INFO

Audited, Yet Hacked: The Critical Role of Real-Time Monitoring in Web3

DIGIT — Tue, 27 Aug 2024 04:30:18 +0000

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 truth: 90% of the smart contracts that were hacked had undergone […]

Go to Source

Euler announces 29 audit reports after $4M spent to shore up security

DIGIT — Mon, 12 Aug 2024 14:00:00 +0000

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.

Go to Source

Worldcoin releases audit reports showing resolved security issues

DIGIT — Fri, 28 Jul 2023 22:45:08 +0000

The proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated.

Go to Source

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

DIGIT — Thu, 09 Mar 2023 21:30:32 +0000

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 Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an […]

Go to Source

SEC to target crypto firms operating as ‘qualified custodians’ — Report

DIGIT — Tue, 14 Feb 2023 06:40:20 +0000

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.

Go to Source

Elementus Raises $10 Million to Bring Clear Blockchain Analytics to Institutional Customers

DIGIT — Wed, 08 Feb 2023 09:30:41 +0000

Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its processes for providing effective and sound blockchain analytics to Web3 companies and government […]

Go to Source

Snowden to Musk: ‘I Take Payment in Bitcoin’; Big Short Investor Says Audits of Exchanges like Binance and FTX Are ‘Meaningless,’ and More — Week in Review

DIGIT — Sun, 25 Dec 2022 13:32:27 +0000

Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current “Chief Twit” Elon Musk has said he is stepping down. In other news from […]

Go to Source

Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges

DIGIT — Fri, 23 Dec 2022 20:30:39 +0000

According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC […]

Go to Source

Binance addresses 7 instances of recent FUD in Chinese blog post

DIGIT — Fri, 23 Dec 2022 04:25:23 +0000

Binance is fighting back against the tsunami of FUD it has faced in recent weeks.

Go to Source

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

DIGIT — Fri, 16 Dec 2022 15:30:37 +0000

The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]

Go to Source