Tagged: certik

CertiK Unveils Underground Ring of KYC Actors for Hire, Used by Rogue Devs to Scam Web3 Projects

CertiK has unveiled “an underground ring of KYC actors for hire, used by rogue developers to scam Web3 communities.” Basic KYC verifications “are regularly effective at annoying honest retail users, but unfortunately less so at stopping determined criminals from defrauding victims and laundering their stolen… Read More

Over $2.3B Lost to Web3 Scams, Exploits in 2022, Over 377 Cyberattacks Reported

So far in 2022, $2,338,910,183 billion has been “lost to various scams and exploits in the Web3 world and a total of ~377 attacks recorded this year,” according to an update shared by CertiK. Just like in July, August has “seen the same number of… Read More

Bored Ape Yacht Club Compromised Yet Again, After $250K Worth of Digital Assets Stolen: Report

Bored Ape Yacht Club (BAYC) has reportedly been compromised for the third time this year, with a hacker able “to steal and sell NFTs, making away with 142 ETH, equivalent to over $250,000.” The hacker conducted a phishing attack, “whereby they shared a fake phishing… Read More

CertiK, a Smart Contract and Blockchain Security Firm, Releases Report on Web3 Security

CertiK, the international provider of smart contract and blockchain security, has released its latest report on the state of security in Web3 for Q1 2022. The report provides insights into the future of Web3 following the “greatest” losses in existence, closing out a surge in… Read More

Blockchain Security Firm CertiK Doubles Valuation to $2B in Only 3 Months

It only feels like “yesterday” when CertiK was announcing their B2 round of funding, where the firm had been valued at $1 billion. The blockchain-focused firm also mentioned that just 3 months later, here they are again, and now they are “a $2 billion company.”… Read More

DeFi Hack Analysis: $4M+ Lost via Meter’s Passport Bridge Exploit, Days After Wormhole Portal Breach

Just a few days following the Wormhole Portal hack that led to losses of more than $302 million, Meter’s Passport bridge has experienced a similar attack. The hack on meter.io has been estimated to be “a loss of around $4.3 Million, comprising $4.2 million in… Read More

CertiK Reports that Qubit Bridge Collapse was Exploited to the Tune of $80M

At 9:34PM UTC on January 27, 2022, a bad actor started their exploit of Qubit Finance’s Ethereum (ETH) to Binance Smart Chain (BSC) bridge. As noted in an update from CertiK, this particular exploit “ended up netting them 77,162 qXETH ($185 million), which they then… Read More

Over 50 Forked Binance Smart Chain (BSC) Projects Are Potential Rugpulls: Report

Fork

A CertiK security analysis has found that over 50 so-called decentralized finance (DeFi) and non-fungible token or NFT projects may have “critical” vulnerabilities. CertiK wrote in a blog post that they “feel obligated to share these insights” with their community members. According to the blockchain… Read More

Blockchain Security Firm CertiK Finalizes $80M Round at Nearly $1B Valuation

The team at CertiK recently revealed that they closed an $80M, Series B2 round of financial funding. As noted by CertiK in a blog post: “What makes this so interesting is that this round not only is the single largest round of fundraising for a… Read More

Flurry Finance Launches Utility, Governance Tokens on Polygon Dec. 1

Decentralized finance (DeFi) protocol Flurry Finance, which offers cross-chain yield farming, will deploy its utility token RHO and its governance token FLURRY on the Polygon network Dec. 1. A trio of RHO tokens – rhoUSDT, rhoUSDC and rhoBUSD will also be available on the same day…. Read More

Blockchain Security Provider CertiK Chosen by Kava Labs to Offer Improved Security for Kava Ecosystem

Blockchain security solution provider CertiK has been chosen by Kava Labs to offer improved security for the Kava Ecosystem. As part of the partnership, CertiK will be getting a portion of the $185M Kava Ignition Fund in order to carry out regular security assessments of… Read More

Coinbase Ventures, Shunwei Capital, Coatue Join Blockchain Security Auditing Firm CertiK’s $37M Series B

CertiK reports that it has finalized a Series B funding round, raising more than $37 million in capital. The CertiK Family of investors continues to grow with backing from Coatue Management, Shunwei Capital, and Coinbase Ventures. As mentioned in an update shared with CI: “We… Read More

Audited by CertiK, ZKSwap Introduces Zero Gas Layer 2, Decentralized Exchange to Enhance User Experience on Blockchain Networks

ZKSwap has introduced a “zero-gas” layer 2 decentralized (or non-custodial) exchange (DEX) to enhance the overall user experience.  Fully audited and reportedly backed by a $1.7 million investment, ZKSwap aims to provide a solution to Ethereum’s (ETH) network congestion. ZKSwap recently announced the Ethereum blockchain… Read More

Implementation of Ideaology Crowdfunding Smart Contract Platform “Successfully” Audited by Cybersecurity Firm CertiK

The CertiK team, which audits blockchain-based smart contracts, have confirmed that the implementation of Ideaology’s crowdfunding smart-contract was successfully audited. The CertiK Professional Services Division regularly checks source code in order to identify any potential issues. The CertiK team has provided details regarding the scope… Read More

Top Crypto and Blockchain Predictions for 2021 and Beyond – Part 2

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More

Over $8 Million in Cryptocurrency Tokens Stolen from Nexus Mutual Founder Hugh Karp’s Personal Account: Report

On December 14, 2020 (at 09:40 am UTC), CertiK Skynet discovered a very large transaction from Hugh Karp, Founder of Nexus Mutual, a “people powered” alternative to insurance built on Ethereum, which transferred 370,000 NXM tokens to an unknown cryptocurrency account. The total value of… Read More

Cybersecurity Solutions Provider CertiK has Successfully Audited Smart Contracts for DeFi Protocol Boost Finance

CertiK, a U.S.-based end-to-end cybersecurity solutions provider, has confirmed that the $BOOST governance token, which includes its functionality with “a plethora” of native smart contracts like Boost treasury, Boost token rewards, Controller, and Vault has been “successfully” audited with CertiK. The CertiK team claims that… Read More

CertiK Completes Smart Contract Code Security Audit for KardiaChain, a Hybrid DLT Solution for Governments and Enterprises

CertiK, a U.S.-based end-to-end cybersecurity solutions provider, has revealed that KardiaChain’s hybrid solution for enterprises and government agencies has been audited with CertiK. As noted by the CertiK team, KardiaChain is a public blockchain or distributed ledger technology (DLT) platform developed to handle enterprise and… Read More

CertiK Unveils Membership-Based Plan CertiKShield To Provide Reimbursements For Lost Or Stolen Cryptocurrency

CertiK, a U.S.-based end-to-end cybersecurity solutions provider, announced on Tuesday the launch of CertiKShield, which is a decentralized, membership-based plan to provide reimbursements for lost of stolen cryptocurrency assets of any blockchain network. According to CertiK, CertiKShield membership enables claimants to be reimbursed if their… Read More

Blockchain Security Provider CertiK Joins the Universal Protocol Alliance

Universal Protocol Alliance announced last week CertiK, a blockchain security technology provider, has joined the organization. Founded in 2017, Certik describes itself as a blockchain and smart contract verification platform founded by top formal verification experts from Yale and Columbia University. The company stated: “Different from the… Read More

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