The crypto currency vertical has been the victim of hackers and associated bad actor activity since its inception. The problem is only getting worse with losses from cryptocurrency crime surging to over $4.52 billion last year.
A primary issue is the insecurity of the smart contract code to begin with. Too many projects are guilty of simply cutting and pasting code from existing projects which are inherently vulnerable. This propagates the risks to new projects and leaves potential investors highly vulnerable to financial loss.
A handful of “auditing” companies exist in the space but they have demonstrated an inability to protect investors assets. The reason is simple: these companies only have a rudimentary understanding of cyber security and miss the lines of code that can be exploited leading to millions of dollars of losses. Summarised, these auditing firms use best practice guidelines which are basic at best and insufficient at worst.
CyberAudit is different.
We incorporate global developers who specialise in crypto development and reverse engineer their code to allow us to realise vulnerabilities pro-actively. In a nutshell, CyberAudit finds the flawed code BEFORE they become exploits. CyberAudit also incorporates our Smart Contract Documentation Tool (SCDT) to allow global collaboration to ensure that smart contracts are being written correctly.
CyberAudit creates markdown-based documentation for Solidity project(s) for the following platforms:
- Ethereum Classic
This is just the beginning, however.