Category: Cryptocurrencies Security

DFI.money Security Review 2022

DFI Money (YFII) is a DeFi-farming aggregator that automatically puts user crypto assets to work for high-yield profits. YFII is a fork of the YFI project with YIP-8 implementation. YFII characteristics, according to CoinGecko Price (10 Aug 2022): $1,758 All-time high (Sep 1, 2020): $9,251  Market cap: $69.9 million Trading volume: $77.306 million Circulating supply:… Continue reading DFI.money Security Review 2022

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

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?

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?