Former Certik Clients Question Security Firm's Stronghold On Protocol Audits

Security researchers are speaking out against CertiK after the controversy surrounding its employees siphoning $3 million from Kraken and allegedly ransoming the exchange for a bug bounty. Experts note that many projects audited by CertiK later suffered exploits, calling the company's professionalism into question.

TogetherwithGMDefiers! SecurityexpertsarespeakingoutagainstCertiKfollowingthecontroversysurroundingitsemployeessiphoning$3millionfromKrakenandallegedlyransomingtheexchangeforabugbounty.ExpertsarehighlightingthatmanyprojectsauditedbyCertiKlatersufferedexploits,questioningthecompany’sprofessionalism.TheArbiturmDAOispreparingtoinvest35millionARB($29million)inon-chainreal-worldassets.ThecommitteebehindArbitrum’sStableTreasuryEndowmentProgramhasfinalizedtheplansfortheDAOtoinvest1%ofitstreasuryinRWAseveryyear.Additionally,MarkCubanisoffloadinghisNFTcollection,theSolanaFoundationisreleasingnewdevelopertoolingtargetingmainstreamadoption,andmarketsarepullingbackasMt.GoxannouncesplanstorepaybillionsinBitcoinnextmonth.Intoday'sissue:SponsoredbyStellarMarketsinthelast24hrs:Bitcoin$64,027-1.26%Ethereum$3,499.33-0.58%BNB$583.3-2.21%Solana$132.19-1.22%XRP$0.486-1.81%Cryptocurrencypricesasof03:2406/21/2024.Fulllisthere.CheckoutourpodcastwithSujiYan,thefounderofMaskNetwork,togethistakeondecentralizedsocialmedia.Plus,watchourairdropguideonTheOpenNetwork(TON)!THANKINGOURNEWSLETTERSPONSORSStellarempowersbuilderstounlockhumanandeconomicpotential.ExplorethenewStellarsmartcontractplatform,Soroban,designedforscaleandsensibility.ThePayPalstablecoinPYUSDisliveonSolana.PayPalhasovertwodecadesofpaymentsexperience,andisnowmakinglow-cost,high-throughputweb3paymentspossiblethroughthePYUSDonSolanalaunch.LearnaboutPYUSDonSolanaandstartbuildingthefutureofpayments.PayPal,Inc.islicensedtoengageinvirtualcurrencybusinessactivitybytheNewYorkStateDepartmentofFinancialServices.FormerCertikClientsQuestionSecurityFirm’sStrongholdOnProtocolAuditsSecurityresearchersarespeakingoutagainstCertiKfollowingthecontroversysurroundingitsemployeessiphoning$3millionfromKrakenandallegedlyransomingtheexchangeforabugbounty.ExpertsarehighlightingthatmanyprojectsauditedbyCertiKlatersufferedexploits,leadingtoquestionsaboutthecompany’sprofessionalism.ArbiturmDAOPlansToInvest$29MWorthOfARBIntoOn-ChainRWAsThecommitteebehindArbiturm’sStableTreasuryEndowmentProgramhasfinalizedplanstoinvest35millionARB($29million)inon-chainreal-worldassets.Aribtrum’sSTEPCommitteehopesfortheDAOtoinvest1%ofitstreasuryassetsinRWAseveryyear.SponsoredPostzkVerifyisadedicatedzero-knowledgeproofverificationnetworkdesignedforsettlementoptimization,builtbyHorizenLabs.zkVerifyisuniquelyarchitectedasthefirstmodularsolutionforthesettlementlayerthatcollapsessecuritycostsbydecouplingproofverificationfromsettlementonL1s.HorizenLabsestimates$47millionwasspentonproofverificationin2023forzkrollupsonEthereumalone,andindustrystudiesanticipatezkproofgenerationwillbecomea$10billionmarketbytheyear2030.zkVerifyremovesthecostandcomplexityofcomputationallyintensiveproofverificationfordevelopersbuildingwithzkrollups.Attheoutset,zkVerifycanbeusedtoverifyproofsonEthereumandBitcoinwitha90%+costreduction,andwillrapidlyexpandtosupportmultipleblockchainarchitectures.READMORE:WHATISZKVERIFYMarkCubanWantsToOffload$100KInNFTsMarkCuban,thecelebrityinvestorandbillionaire,hasreturnedtoWeb3tooffloadfromhisNFTcollection.Cubanbroketwoyearsofinactivitytosell14NFTsfor$38,500,inadditiontolistingtwoPudgyPenguinsandHashtagtokensfor$66,000combined.SolanaFoundationLaunchesNewDeveloperToolingToPromoteMainstreamAdoptionTheSolanaFoundationhaslaunchedtwonewtoolsfordevelopersinabidtoenticemainstreamadoption.“Actions”allowdeveloperstointegrateblockchaintransactionsintowebsites,socialmedia,andQRcodes,whileblockchainlinks(Blinks)allowActionstobeformattedassharablelinks.SponsoredShoutoutJoinusatBlockchainFuturistConferenceAugust13-14,2024inToronto!It’sthelargestWeb3eventinCanadaandrunsalongsideETHTorontoandETHWomen.Highlights:7000+attendees,200+speakers,2LevelsExpoBooths,OutdoorCabana,SubEventsOnsiteandmore.UsecodeDEFIANT50for50%off:https://

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