The lawsuits accuse the defendants of issuing unregistered securities and failing to seek requisite licensing for their activities
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7 Crypto Firms Targeted by 11 Lawsuits in New York
Category: Quantstamp
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Quantstamp Successfully Audited All of Binance’s ERC20 Tokens
In the world of smart contracts and ERC20 tokens, independent audits should have been the norm by now. So far, that has not been the case, yet companies such as Quantstamp are trying to make a positive impact in this area. The company recently conducted a security audit of Binance’s ERC20 tokens, and found no real issues to speak of. Binance is Doing the Right Thing It is evident that there is a huge lack of proper independent audits of exchanges, smart contracts, and ERC20 tokens. Although Ethereum’s token standards are impressive and intriguing, there is a real chance that some issues will arise. In particular, thePowered by WPeMatico
Quantstamp Discovers Two Big Flaws in Bancor’s Smart Contract
Even though smart contracts are a massive improvement in the world of blockchain technology, their code often leaves much to be desired. Every smart contract needs proper auditing, yet it seems few companies are actually pursuing this option right now. Quantstamp recently took a look at Bancor’s smart contract and noticed some discrepancies. The Bancor Smart Contract Issues To put everything into its proper perspective, the Bancor smart contract is not under immediate threat as of right now. Most of the code is well-written and does not warrant any changes whatsoever. However, Quantstamp did identify two vulnerabilities which the team will need toPowered by WPeMatico