A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 11: What is Centralization vs Decentralization vs Distributed Networks? Learn more in under 2 mins! https://www.certik.com/products/pentest Transcript: Centralization, decentralization, and distributed networks are three different systems used for storing data. Centralization has been the status quo for web technology, making websites easy to use. A centralized network processes and stores data on a specific server. They allow engineers to roll out updates and fixes to the host server. Centralized networks often hire security firms to do penetration testing, which simulates a network attack. With centralization, if a server suffers downtime the entire network grinds to a halt. Decentralization offers more security and helps mitigate attacks. A decentralized network operates across many different nodes. Each node holds the entire database and verifies its version against each other to achieve consensus. A decentralized network requires more effort to update, has a greater environmental impact through its energy consumption. A distributed network operates like a decentralized system but may not require each node to host all of its data independently. Increased transparency is a key feature with each node having equal access to the data. This also makes it difficult to change information in the network. Smart contract auditing has risen from new types of attacks on decentralized and distributed networks. Whether it be Penetration Testing or Smart Contract Auditing choosing the right technology will ensure greater success. To learn more about centralization, decentralization, and distributed networks, visit CertiK.com/resources.

We take a look at some examples of insider trading in the Web3 space, and its legal implications.

Outdated software leads to mispricing of mAssets.

Web3 security can refer to the multiple attack vectors that web3 projects and users are confronted with, and the various means by which they can defend themselves. It also refers to a pivotal goal for the web3 more broadly, with the success of all web3 projects dependent on the security of the web3 ecosystem.

CertiK is excited to announce the launch of our new Verified Contract Badge for project teams!

#girlgonecrypto #certik #auditreport #education #defi #crypto #blockchain CertiK has teamed up with Girl Gone Crypto to help you understand audits 🧠 An audit is a good first step for every project, but as a user or investor, what do the results mean? See where to go, what to look for, and more on your #crypto journey at: https://certik.com https://www.youtube.com/c/GirlGoneCrypto Transcript: Okay so let’s say you’re checking out a project and are doing your research and you see that it’s been audited. Great, phew, sigh of relief… but hold up… just because a smart contract was audited doesn’t necessarily mean the audit was good. When doing your own research, it’s important to go one step further and actually check out the audit report. Now reading audit reports might sound a little complicated and technical, but it’s actually a lot easier than you think. So in this video, we are going to dive into how to read and evaluate a CertiK audit report. So first of all - what kind of information do these reports actually look at? A security audit is a line-by-line inspection of a smart contract's code. Smart contracts are self-executing agreements between a buyer and seller that are stored on a blockchain. Security audits can reveal vulnerabilities in a smart contract by identifying coding errors and potential risks. CertiK essentially examines these smart contracts and blockchain ecosystems. CertiK’s security experts manually review these contracts, using AI solutions and mathematical approaches to analyze their quality. So now let’s dive into the HOW. Where do you go to find this information and what should you be looking for? When you visit CertiK.com, you’ll notice a search bar on their Security Leaderboard. Type in the name of the particular project you’re interested in. This will take you to the project’s full audit report. Under the Findings section, check to see that the vulnerability issues have been identified and fixed. If a project has unresolved issues, it’s important to research why. CertiK only audits contracts sent to them, so make sure to check which contracts were audited and always review the report in detail. To learn more about smart contracts and security audits, and how you can better do your own research - visit CertiK.com/resources

#certik #onlineattack #education #defi #blockchain #cryptocurrency A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 10: What is an Online Attack? Learn about #onlineattacks and more in under 2 mins! https://certik.com/products/skynet Transcript: Through decentralization, blockchain technology can improve the safety of online activities. Many online attacks use Attack Vectors to exploit system weaknesses. DDoS, Eclipse, and a 51 Percent Attack are three common types. A DDoS, Distributed Denial of Service, attack, occurs when hostile hackers overload a network with requests. In blockchain, DDoS target crypto exchanges or mining pools. They disable a network's ability to serve users. Eclipse attacks control a single node inside an artificial environment. An attacker can manipulate communications with surrounding nodes to perform illegal transactions by isolating a node. When an assailant obtains control of 50% or more of a network's mining hashrate, it's called a 51 percent attack. The individual can submit fraudulent transactions, making the blockchain centralized. 51 percent attacks become difficult as a blockchain network increases in the number of honest nodes. Blockchain analytic tools such as CertiK’s Skynet help with online attacks by monitoring on-chain activity. To learn more about online attacks visit CertiK.com/resources.

Privileged access management risk refers to the risk of compromise surrounding accounts that have access to critical network controls. Having accounts with privileged access provides hackers with a single point of attack that, when compromised, incurs catastrophic damage to the wider network. This blog post takes you through what privileged management risk is, and the best ways of mitigating it.

This report demonstrates that Africa is not only a Crypto continent but an international driver in the utilization of blockchain as a transformative technology for humanity.

#Ridotto #RDT #CertiK #Live #AMA Each week, CertiK hosts a Security Leaderboard LIVE Showcase with top #DeFi projects that utilize our suite of security solutions. We check in on how the initial auditing process went, how their platform has evolved since launch & what the future holds. Watch the full interview: https://youtu.be/XoqTn05qC4w

#Ridotto #RDT #CertiK #Live #AMA Each week, CertiK hosts a Security Leaderboard LIVE Showcase with top #DeFi projects that utilize our suite of security solutions. We check in on how the initial auditing process went, how their platform has evolved since launch & what the future holds.

Entering the world of cryptocurrency for the first time can be a daunting experience. With this in mind, we have put together a checklist of some best practices for any new crypto investor looking to step into the exciting world of web3.

CertiK audited a total of over 3700 projects to date and reported on many incidents. In this report, you will learn about

Today, we debut a badge system designed to increase visibility to the projects we secure and celebrate the most exceptional security practices across our clientbase. Badges make it simpler to identify vetted crypto projects and give us a new way to showcase noteworthy practices across projects we audit.

CertiK audited a total of 1,737 projects in 2021. Using this data CertiK produced a report that discusses the most common types of security attacks, and incidents seen.

Bite Size Blockchain A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 1: What is a Rug Pull? Check it out to learn what a #rugpull is, how it happens, what to look out for, and more! https://www.certik.com/resources/blog Transcript: Rugpulls are one of DeFi's most common frauds. They occur when a project's founders depart and liquidate their tokens on the open market. Scammers exploit the features of a decentralized exchange, known as a DEX, to pull off their rugpulls. They often pair their token with a real asset for purchase. As their token skyrockets in price due to hype, the founders liquidate their tokens on the market, once they have made enough money from the pairing of the real asset, causing the value of their tokens to crash. Here are some indicators of a rugpull. One, the yields are too high. Two, the creators remain anonymous. Three, the coin prices skyrocket. Four, there are extensive marketing tactics, and five, there is no liquidity lockup. To learn about rugpulls and how to avoid them, visit CertiK.com/resources.

On May-15–2022 08:22:49 PM +UTC, the FEG token has experienced a flurry of flashloan attacks on both Ethereum and BNBChain, leading to approximately $1.3M worth of assets loss.

#certik #flashloan #defi #blockchain #cryptocurrency A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 9: What is a Flash Loan? Learn how a #flashloan works and more in under 2 mins! https://certik.com/products/skynet Transcript: A flash loan is an uncollateralized short-term loan. They are a new invention in the Defi space, introduced by the lending protocol, AAVE. A smart contract is used to borrow and repay flash loans in the same transaction. If a flash loan isn’t repaid in the same transaction, the transaction fails, making it as though the loan never happened. Flash loans present an opportunity for high-frequency and arbitrage traders with the ability to instantaneously access capital, allowing a trader to sell on one exchange and purchase on another. Arbitrage was more common when liquidity was low and exchanges didn’t share price feeds. Flash loans have been used to attack exchanges and protocols. This occurs when a malicious user takes out a flash loan from a lending protocol and uses the borrowed funds to manipulate prices on another protocol. Flash loan attacks are very lucrative because the attacker does not have to deploy a lot of capital to carry out the attack. Smart contract audits are a necessary first step in mitigating a flash loan attack. CertiK’s Skynet on-chain monitoring helps recognize these attacks in real-time and broadcasts community alerts on the Security Leaderboard. From smart contract audits to on-chain monitoring, there are tools in place to help projects build safer protocols from the ground up. To learn more about flash loans, visit CertiK.com/resources.

Powering on-chain security monitoring and data insights for Web3 Applications.

A comprehensive security assessment of your smart contracts, blockchains and web3 Apps.

One of the promises of blockchain technology is its ability to bolster the safety of online activity through the greater security afforded by decentralization. However, despite this added security, it is naive to assume that online attacks will just go away. With that in mind, this post provides an overview of some of the most infamous online attacks, how they intersect with blockchain technology, and some of the ways of defending against such attacks.

Each week, CertiK hosts a Security Leaderboard LIVE Showcase with top #DeFi projects that utilize our suite of security solutions. We check in on how the initial auditing process went, how their platform has evolved since launch & what the future holds.

Rugpulls are the bane of any new investor trying to get rich quick. Yet often, all investors need to avoid them is a little more information on what to look out for. With that in mind, this article takes you through the two types of rugpull and gives tips on how to spot them.

CertiK is excited to announce the launch of our new Badges and Honors for project teams! Badges and Honors are designed to increase the visibility of the projects we secure and to celebrate the most exceptional security practices across our client base. Transcript: CertiK’s mission is to Secure the Web3 World. CertiK’s badge system is designed to increase visibility, identify, and celebrate the projects we audit with the most exceptional security practices. The Verified Contract Badge certifies proof that CertiK has audited a given contract in the exact state in which it has been deployed. The Skynet Badge certifies that a project uses CertiK's live, on-chain security monitoring and data insights to flag security events across their platform. The KYC Badge indicates successful completion of CertiK's KYC program, the most rigorous KYC program available for Web3 projects. The Top 10% Security Score honors projects with the leading security marks in our industry. This score covers our audits and general best practices. The Top 10% Watched honor, acknowledges projects on our site with the most followers. Sign up to add your favorite projects to your watchlist. CertiK is the only major security provider that offers a public symbol of trust. To learn more about the badges and honors on CertK’s leaderboard, visit CertiK.com/resources.

A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 8 What is Centralization Risk? Learn what #centralizationrisk is, how it works, how you can minimize your risk with CertiK's auditing, and more all under 2 mins! https://www.certik.com/resources Transcript: Centralization risks are vulnerabilities that can be exploited both by malicious developers of a project as well as outside attackers. They can be taken advantage of in rug pulls, infinite minting exploits, and other types of attacks. In token minting contract exploits, if someone gains access to the private key of the contract, they can mint as many new tokens and send them anywhere they’d like. With rug pulls, project founders can sell all of the tokens they hold - draining the liquidity from a decentralized exchange. Other rug pulls involve founders stealing tokens from a presale lockup contract. Rug pulls thrive on decentralized exchanges because they allow free listings of new tokens with no requirement of a smart contract audit. Smart contract audits are a necessary first step in identifying centralization risk. CertiK smart contract audits highlight all centralization risks by identifying 5 types of issues: Critical, Major, Medium, Minor, and Informational. Users can be confident in the security of a project that follows CertiK’s recommendations, such as implementing timelocks and multi signature custody solutions. To learn more about centralization risks, visit CertiK.com/resources.

Listen to our chat with Celer Network and Electric Sheep for an #AMA discussing #NFT and Crosschain Security. Broadcasted April 29th, 14:00 UTC/10 AM EST https://www.certik.com/ https://www.celer.network/ https://discord.com/invite/ultiverse

New Security in 60 Seconds episode Give us 1 minute, and we'll give you the findings. Check out the review of Hoge's audit report on CertiK's Security Leaderboard. https://www.certik.com/projects/hogefinance Transcript: Auditing is a complicated and essential step in the security process. At CertiK, we review the top DeFi projects to help you better understand the findings from our experts. HOGE is an ERC20 token on the Ethereum blockchain. It has a 2% tax on every transaction. One-half of that tax is transferred back to wallet holders. The other half is burned forever. This audit covers Hoge on the Ethereum platform. The summary describes the audit and the types of analyses used. Overview shows the programming language, the blockchain used, and a link to the project's codebase. The Vulnerability Summary lists issues that need resolution. Audit Scope displays which contracts were audited. Findings highlight all issues and ranks them in terms of severity from critical to discussion. In this audit, we found 0 Critical, 0 Major, 0 Medium, 2 Minor, and 3 Informational issues. The Hoge team has acknowledged all of the issues. Visit CertiK.com for the full report.

New Security in 60 Seconds episode Give us 1 minute, and we'll give you the findings. Check out the review of Position Exchange's audit report on CertiK's Security Leaderboard. https://www.certik.com/projects/positionexchange Transcript: Auditing is a complicated and essential step in the security process. At CertiK, we review the top DeFi projects to help you better understand the findings from our experts. Position Exchange is The Next-Gen Decentralized Trading & Crypto Platform with a whole Ecosystem running fully on-chain. This audit covers Position Exchange on the Binance Smart Chain platform. The summary describes the audit and the types of analyses used. Overview shows the programming language, the blockchain used, and a link to the project's codebase. The Vulnerability Summary lists issues that need resolution. Audit Scope displays which contracts were audited. Findings highlight all issues and ranks them in terms of severity from critical to discussion. In this audit, we found 0 Critical, 2 Major, 2 Medium, 3 Minor, and 1 Informational issues. Position Exchange has all of the issues pending. Visit CertiK.com for the full report.

This blog post will take you through one of the most infamous exploits in blockchain security: the reentrancy attack, and best practices for defending against them

Trying to get your head around the difference between ‘mintable tokens’ and ‘mineable tokens’ can be a complicated affair, primarily because there is a lot of slippage in the terminology between the two. The difference is that to mint new tokens through mining requires a lot more time, resources and effort.