Thank you, @PatchChainHQ, for your pen testing efforts, helping us identify and address a vulnerability promptly. Your work has further enhanced our system's security!
Our team is heading to Singapore from 12th to 15th September for #TOKEN2049 Asia's premier crypto event.
Schedule a meeting with us in the TOKEN2049 app.
See you there! ๐ #TOKEN2049
3/ It is impossible to avoid vulnerabilities in new technologies such as DeFi, but it is critical to minimize the risks!
With #PatchChain,the key is to minimize the effects of these road bumps while maximizing the benefits. How ?
1/ Did you know ?
In the second half of 2020, the #DeFi sector was a major target for cryptocurrency hacks, accounting for 50% of total losses from thefts and hacks in the crypto industry.
2/ The #DeFi ecosystem is more appealing to hackers than centralized crypto exchanges due to its decentralized nature and unregulated status, with non-DeFi #crypto crimes dropping nearly 60% in 2020.
Security in the cryptospace is key considering the no of and magnitude of exploits that transpired in 2022.
With #PatchChain, we are focused on dev of the best bug bounty platform for the security experts to showcase their talent and help space from the growing malicious scams!
1/ We, #PatchChain an open-source community are expanding our reach to Web3.0 people as our launch gets closer .
#PatchChain is currently building a next-generation bug bounty and community audit platform ๐ฅ
Bad initializers in the contract code caused the Arbitrum bridge bug.
#PatchChain is doing everything it can to educate people about past exploits and to be cautious at all times. Stay with us as we inch closer to our grand launch ! ๐
Did you know that #Arbitrum was saved from a $250 million loss by an anonymous developer?
According to riptide, the multi-million dollar vulnerability would have allowed an attacker to steal all incoming ether deposits ๐
At the end of the day, it is important to know what you are getting yourself into. We, at PatchChain believe to provide utmost awareness and security in identifying those red flags before investing in any project even if it tends to be ours! Follow if you enjoyed the thread!
If you are new to #crypto space or have been in for a while but do not understand how to identify rug/scams in the market, hereโs a small thread for you โฌ๏ธ