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CATEGORY: audits


Aug 24, 2024 04:45

Smithii Audit Report

The Entry Smithii Audit Report was published first on CoinFabrik.

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

Author: Cointelegraph by Christopher Roark
United States
Aug 13, 2024 12:00

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

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.

Aug 02, 2024 04:45

Libraries in Solidity

The Entry Libraries in Solidity was published first on CoinFabrik.

SEC commissioner Hester Peirce calls watchdog’s public accounting warning into question

Author: Oluwapelumi Adejumo
United States
Jul 29, 2023 01:10

SEC commissioner Hester Peirce calls watchdog’s public accounting warning into question

The United States Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce questioned why the regulator wants to discourage good-faith efforts to provide more transparency for the cryptocurrency industry in a July 27 tweet. Peirce was reacting to a statement from the SEC chief accountant, Paul Munter, who warned that accounting firms acting as performing “audit” […]

The post SEC commissioner Hester Peirce calls watchdog’s public accounting warning into question appeared first on CryptoSlate.

Worldcoin releases audit reports showing resolved security issues

Author: Cointelegraph By Tom Blackstone
United States
Jul 29, 2023 08:20

Worldcoin releases audit reports showing resolved security issues

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

SEC to target crypto firms operating as 'qualified custodians' — Report

Author: Cointelegraph By Brayden Lindrea
United States
Feb 14, 2023 08:20

SEC to target crypto firms operating as 'qualified custodians' — Report

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.

Feb 05, 2023 11:10

2022: The Year Crypto Hacking Reached an All-Time High with $3.8 Billion Stolen

In 2022, crypto hacking reached an all-time high, with hackers stealing a staggering $3.8 billion from cryptocurrency businesses, with DeFi protocols being the main victims. This article highlights the magnitude of the problem and the need for better security measures in the crypto industry.

<p>The post 2022: The Year Crypto Hacking Reached an All-Time High with $3.8 Billion Stolen first appeared on CCNC.</p>

Apr 21, 2022 04:45

Avalaunch XAVA Protocol Audit

Introduction CoinFabrik was asked to audit the contracts for Avalaunch’s XAVA Protocol project.First we will provide a summary of our discoveries and then we will show thedetails of our findings. Scope The contracts audited are from the https://github.com/avalaunch-app/xava-protocol/git repository. The audit is based on the commitfd9b97ccd963819a282fa5c21bf0545d180f8797. Revisions were made based oncommit 8c9f3c021f0a3366e9f8cfc3fd74163f31b57b40. The audited contracts […]

El post Avalaunch XAVA Protocol Audit apareció primero en CoinFabrik Blog.

Mar 17, 2022 09:35

Mokens League Audit

Introduction CoinFabrik was asked to audit the contracts for the Mokens League project. First, we will provide a summary of our discoveries and then we will show the details of our findings. Scope The contracts audited are from the https://github.com/Mokens-League/mokens-league-tokens/ git repository. The audit is based on the commit b2e3a17f7f8c8d220fc135fc9a8364fdf07d51c. The audited contracts are: /contracts/Token.sol:MainERC777Token […]

El post Mokens League Audit apareció primero en CoinFabrik Blog.

Aug 27, 2021 10:38

THORChain Contract Problems – Approvals Can Drain RUNE Balance

THORChain is in hot waters again less than 24 hours after the last hack on July 23. This time it’s actually more serious. Interaction with any malicious contract can allow the attacker(s) to drain your wallet off the RUNE balance! It has worked as follows for now: attacker mass drops a token called UNIH to wallets, it’s worth something so users try to swap it on Uniswap. Before anything can be traded, you have to approve it. But if you do, the attacker can transfer your THORChain RUNE balance to his own wallet!

https://twitter.com/THORmaximalist/status/1418575601770930178?s=19

How is it even possible? Sadly, it appears that THORChain developers made a critical mistake while writing the code or they just wanted to save their users a few dollars by combining two tx in one. But it was a fatal diversion from solidity design principles and went contrary to what the documentation cautioned against. The surprising is that numerous audits conducted so far failed to report the issue also.

https://twitter.com/bantg/status/1418586485725532165?s=19

ThorChain Technicalities

The developers at THORChain have used the transferTo function in the code, allowing any contract which interacts with it to transfer the RUNE balance. It uses tx.origin to authenticate the tx on your behalf. Also, it doesn’t check the allowance in the contract before transferring - sort of an infinite approval. It’s a strict no-no. Even the THORChain code documentation notes the danger of using this approach, but somehow they still went with it.

THORChain Code Documentation Notes The Issue

Apparently, the THORChain attacker has dropped the UNIH to thousands of wallets and is now draining their RUNE balance to his own. A clear assessment of the total amount stolen isn’t directly possible. THORChain RUNE price is now showing a 23%+ decline in the last 24 hours and is currently changing hands at around $3.63. It’s essential that users don’t approve smart contracts that aren’t trusted, though the THORChain should certainly do a better job at ensuring the security of the users as they can’t be assumed to know and safeguard themselves against complex vulnerabilities. 

THORChain contract exploits© Cryptoticker

The post THORChain Contract Problems – Approvals Can Drain RUNE Balance appeared first on CryptoTicker.

Aug 27, 2021 12:24

Woonkly Security Audit (DEX & STAKE)

Introduction CoinFabrik was asked to audit the contracts for the Woonkly project. First we will provide a summary of our discoveries and then we will show the details of our findings. Summary The contracts audited are from the STAKESmartContractPreRelease repository and DEXsmartcontractsPreRelease repository at GitHub. The audit is based on the commit 779522de8afcf9285d660abdcc0fb10a62f6f659, and 49777cd67d0227c21437236ab9f42b501a864895 […]

El post Woonkly Security Audit (DEX & STAKE) apareció primero en CoinFabrik Blog.

Aug 27, 2021 12:24

CBOND Smart Contract Audit

CoinFabrik was asked to audit the contracts for the CBOND project. First we will provide a summary of our discoveries and then we will show the details of our findings.

El post CBOND Smart Contract Audit apareció primero en CoinFabrik Blog.

Aug 27, 2021 12:24

1Inch Exchange Smart Contract Audit

CoinFabrik was asked to audit the contracts for the 1Inch Exchange. First we will provide a summary of our discoveries and then we will show the details of our findings.

El post 1Inch Exchange Smart Contract Audit apareció primero en CoinFabrik Blog.

Mar 17, 2023 06:55

Euler Finance Audited 10 Times Before $196 Million Attack


Euler Finance, an Ethereum-based lending protocol, underwent 10 audits from six different firms in two years before it suffered a $196 million flash loan attack. Despite this, the audits deemed the platform "nothing higher than low risk" with "no outstanding issues." The attack prompted Euler to launch a $1 million bounty for information leading to the hacker's arrest, only for them to move the funds through crypto mixer Tornado Cash. (Read More)

Jul 17, 2023 10:30

Aave Launches GHO Stablecoin on Ethereum Network

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 on Ethereum This week, on July 14, 2023, Aave’s community [...]

The post Aave Launches GHO Stablecoin on Ethereum Network appeared first on Crypto Breaking News.

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