Auditing
How HashEx is developing new auditing methods to outsmart hackers, as told by founder Dmitry Mishunin
As the cryptocurrency market has grown, so too have the number of bad actors looking to exploit vulnerable decentralized finance, or DeFi, protocols, and projects for their own gain. Earlier this month, the Ethereum-Solana Wormhole token bridge suffered the biggest hack of 2022, with $321 million lost due to a signature verification vulnerability. Such exploits have gotten increasingly sophisticated over the years. But blockchain security firms like HashEx are keeping up the pace just as hackers upgrade their tactics. During the past few years, HashEx has audited more than 700 DeFi smart contracts that secure over $2 billion worth of investors’ funds. One notable project that utilizes HashEx is Trader Joe, a popular decentralized exchange on the Avalanche (AVAX) blockchain. In an exc...
House of Reps summons auditor-general over $36.1 million World Bank loan
The House of Representatives has summoned the acting Auditor General of the Federation, Mr Aghughu Adolphus, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, to the office. The House Committee on Public Accounts issued the summons at its public hearing in Abuja on Tuesday. Adolphus, who had earlier been invited by the committee, had failed to show up on Tuesday. His representatives led by a Deputy Director, Mr Babalola Olanrewaju, could not explain to the lawmakers the rationale behind taking the loan. Chairman of the committee, Mr Wole Oke, said, “We want to know what the loan was meant for before going to sign for it. What was your procurement plan before arriving at that figure? Or is it a reward? We need to know the programme plan, how you ...
