Decentralized finance, better known as DeFi, may not be “decentralized” enough as attackers exploited centralized weak points to drain users of billions of dollars in 2021, according to research from blockchain security firm CertiK. In a new report on the state of DeFi security in 2021, CertiK researchers said “centralization issues were the most common attack vector” within … [Read more...] about ‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK
CertiK
Certik identifies Arbix Finance as a rug pull, warns users to steer clear
BSC-based yield farming protocol Arbix Finance was identified by blockchain security company Certik as a rug pull. According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm cites that the ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted to 8 addresses, and 4.5 million ARBX were minted … [Read more...] about Certik identifies Arbix Finance as a rug pull, warns users to steer clear
Crypto whitehat security firm CertiK bags $1 billion valuation after Sequoia raise
CertiK today announced the completion of an $80 million Series B2 financing round. This investment is led by Sequoia, with participation from existing investors including Tiger Global, Coatue Management, and GL Ventures (Hillhouse Capital’s VC arm). This not only sets the bar for the largest single round of fundraising in the blockchain security space but now brings CertiK’s … [Read more...] about Crypto whitehat security firm CertiK bags $1 billion valuation after Sequoia raise
Blockchain Security Firm CertiK Raises $80M at Nearly $1B Valuation
“CertiK is on a mission to globally secure the crypto world of blockchains and smart contracts. CertiK has already demonstrated this through tremendous growth of its business, and support of security audits for a large volume of over 1800 clients so far,” said CertiK in its blog post. Source link … [Read more...] about Blockchain Security Firm CertiK Raises $80M at Nearly $1B Valuation