The WEB3 market is not transparent. We have asymmetry of information, so to speak. Many projects don’t perform an audit, don’t publish audit results, and don’t reveal actual token supply analytics with vesting and lockup periods for the team and investors because they don’t see a point. Investors cannot fully understand the risks. The incomplete… Continue reading How do we see the transparent future of WEB3?
How to check if the exchange is secure?
The Big Three: Proof of Funds, Bug Bounty, and Pentest Three most vital markers of a crypto exchange security are Proof of Funds, Bug Bounty, and Pentest. Pentest A pentest is a proactive cybersecurity measure aimed at identifying internal and external vulnerabilities of a software application by trying to breach existing security controls. Penetration Test… Continue reading How to check if the exchange is secure?
Yearn.Finance Security Review, July 2022
Yearn Finance is a DeFi protocol that offers yield generation and lending aggregation. It’s one of the most successful pioneers of DeFI with a unique mission of automating crypto investment to achieve the highest APY. Yearn is multi-chain and currently supports Ethereum, Fantom, and Arbitrum. YFI holders govern Yearn’s protocol. YFI characteristics, according to CoinGecko… Continue reading Yearn.Finance Security Review, July 2022
CER.live token rating update. Only 2% of tokens are fully secure
We have updated the token security score. Now, by choosing the category “token” in the cryptocurrency rankings by security, you will see 168 tokens. Tokens are virtual assets created by platforms building on top of a specific blockchain protocol. Tokens serve multiple purposes such as allowing participation in DeFi mechanisms, playing games, or accessing platform-specific… Continue reading CER.live token rating update. Only 2% of tokens are fully secure
Kraken Security Review 2022
Kraken is one of the world’s biggest and most popular crypto exchanges. In this article, we want to review the platform and assess its security level. Is Kraken secure? Let’s find out. About Kraken Trading volume and users The US-based exchange was established in 2011. With a daily volume of $700 million, Kraken is the… Continue reading Kraken Security Review 2022
What is token audit and why should you care about it?
In H1 2022, DeFi investors and communities lost $1.97B as a result of token security incidents including both external attacks and internal scam activities. As a result of hacks, DeFi industry has lost $1.8B for the first 6 months of 2022 while due to internal malicious activities, such as rug pulls and exit scams, the… Continue reading What is token audit and why should you care about it?
How to choose a secure crypto exchange?
Although massive hacks of crypto exchanges are rare in the modern Web 3.0 industry, users should be aware of all risks associated with crypto trading. In 2022, there were 2 big hacks of crypto exchanges. The Liechtenstein-based crypto exchange LCX lost $6.8M as a result of the compromise of one of its hot wallets. The… Continue reading How to choose a secure crypto exchange?
What is Audit Coverage? Why does it matter?
The role of cybersecurity in Web 3.0 cannot be underestimated, especially during the bearish market. Investors lose their money due to falling prices and they are afraid of experiencing extra losses due to security incidents. That is why crypto traders and investors try to allocate their assets to secure projects that do not neglect following… Continue reading What is Audit Coverage? Why does it matter?
What is insurance in crypto?
Two years ago, very few people cared about insurance in crypto. Now, it is a critical element of a project’s cybersecurity. This article presents reasons why you should pay attention to whether a project has an insurance fund. Why is insurance important in crypto? Insurance is the last defense against losses due to breaches in… Continue reading What is insurance in crypto?
FTX Security Review 2022
FTX is the centralized cryptocurrency exchange offering advanced features to users such as margin and futures trading, leveraged tokens, options, MOVE indices, etc. Due to strict regulations, US-based citizens cannot use FTX. But they can use a separate exchange with limited crypto offering FTX US. FTX is the third largest crypto exchange by 24H trading… Continue reading FTX Security Review 2022