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CertiK Audits Under Scrutiny as Client Recovers $12 Million in Stolen Funds

Ecological stablecoin project Defrost Finance will return $12 million in funds stolen through Dec. 23, 2022, exploit, despite undergoing a code audit by CertiK.

CertiK only audits code provided by the DeFi protocol. It advises interested investors to conduct their own due diligence. Additionally, its reports contain the following disclaimer:

“CertiK’s goal is to help reduce the attack vectors and the high level of variance associated with utilizing new and consistently changing technologies, and in no way claims any guarantee of security or functionality of the technology we agree to analyze.”

Recent DeFi hacks reveal that code audits alone do not guarantee a user's safety.

(By David Thomas)

Certik
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