2022 Record-Breaking year for Crypto Hacking – will this new auditing technology finally bring end to the madness?

Smart contracts are an essential component of the crypto industry, providing secure, automated transactions that can be used for a variety of applications. However, smart contracts are vulnerable to security breaches and malicious attacks. Last year, $3.8 billion was stolen primarily due to smart contract vulnerabilities, making it a record year in history.

In this interview with Tenset’s CEO and a security expert Mat Milbury, we will discuss the importance of auditing services in the crypto industry, the current shortcomings of existing auditing companies, and how Cyberstorm can revolutionize smart contract audits benefiting an entire crypto ecosystem.

What is the importance of auditing services in the crypto industry?

The importance of auditing services in the crypto industry cannot be overstated. Smart contracts allow for more secure, automated transactions than traditional methods, but they are still vulnerable to security breaches and malicious attacks. Auditing services provide users with a way to verify the accuracy and safety of smart contracts, reducing the risk of security issues and ensuring that their transactions are secure. Auditing companies also provide users with a way to identify any potential issues in smart contracts, allowing them to be fixed before they become a major problem. In this way, auditing services provide an essential layer of security for the crypto industry.

What are the current shortcomings of existing auditing companies?

The current shortcomings of existing auditing companies are numerous. At Tenset, we’ve used to purchase auditing services in the past and we’ve found them to be slow and inefficient. Auditing companies can take months to complete an audit and often the quality of the audit can vary greatly depending on the auditor assigned to the project and the time they have been given to do the audit. Many projects are massively underserved in the auditing area. Projects have to wait months to get audited, and when they do, the auditors often take their smart contract source code and disappear for many weeks only to send an overpriced pdf at the end. There is little to none cooperation with engineers on how to fix discovered vulnerabilities. This is a highly undesirable experience for companies, and it highlights the need for an improved auditing service that can provide faster and more reliable feedback regarding the smart contract security.

How does Tenset’s Cyberstorm technology provide unparalleled security for crypto users?

Cyberstorm combines the finest auditing tools available today with exclusive tooling inspired by the latest academic research. It draws from technologies like Artificial Intelligence, Machine learning, model based testing, static analysis, symbolic execution, flow analysis, and differential testing. Cyberstorm is aptly named as it brings a massive storm upon an audited smart contract, exposing everything that stands in its way. Model based testing is another powerful approach that has been used by engineers at Google to find bugs in their databases and by Spotify engineers to detect and fix bugs in their playlist queue algorithm. Despite its incredible success, model based testing remains a niche approach and we’re proud to incorporate it into Cyberstorm auditing services.

What makes Cyberstorm different from other smart contract auditing services?

Cyberstorm takes smart contract auditing to the next level by providing users with unbeatable security. Unlike traditional security audits which usually utilize manual reviews with static code analysis, Cyberstorm security audits use a combination of powerful auditing tools and exclusive proprietary tooling. This allows Cyberstorm to provide companies with a comprehensive audit that attacks the code from every angle and every direction, exposing potential vulnerabilities or issues in the code. Furthermore, the findings from the audit are used to guide the auditors in their reasoning about the code, reinforcing and enhancing the outcome of the audit. In this way, Cyberstorm is like heading to war with an entire army and artillery, while traditional security audits are like heading to war with a handgun.

What’s the best way to benefit from the Cyberstorm smart contract audit?

The best way to benefit from the Cyberstorm smart contract audit is to contact Tenset via email at business@tenset.io or through their Telegram account at t.me/the_tenset. By contacting Tenset directly, users can ensure that their project is audited quickly and efficiently, and that their smart contracts are secure. Additionally, Tenset’s Cyberstorm technology provides the most comprehensive audit available in the crypto industry, ensuring that users can rest assured that their smart contracts are secure and that their transactions are protected.