Ensuring integrity of blockchain transactions: Trust through audits
Reliable auditing procedures are important for ensuring the integrity of blockchain networks.
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Here’s what SOC 2 compliance audits mean for crypto projects
While the audit demonstrates trust and transparency, Eric Lister from audit firm A-LIGN explained that it does not improve business systems.
Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son.
Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.
Be ‘very wary’ of crypto proof-of-reserve audits: SEC official
SEC’s acting chief accountant Paul Munter said that investors shouldn't place too much confidence in a company holding up a proof-of-reserves audit.
Proof-of-reserves: Can reserve audits avoid another FTX-like moment?
Crypto exchanges are actively releasing proof-of-reserves audits in order to build transparency but experts believe it would take more than that to regain investor trust.
Blockchain audits: The steps to ensure a network is secure
In order for blockchain firms to truly validate their internal security protocols, they need to be audited thoroughly. Here’s a brief rundown of how the process goes.
THORChain concludes 2 security audits following summer exploits
DeFi has become a popular attack vector for cybercriminals. After a highly ambitious launch, THORChain suffered two major exploits in July.