A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 8 What is Centralization Risk? Learn what #centralizationrisk is, how it works, how you can minimize your risk with CertiK's auditing, and more all under 2 mins! https://www.certik.com/resources Transcript: Centralization risks are vulnerabilities that can be exploited both by malicious developers of a project as well as outside attackers. They can be taken advantage of in rug pulls, infinite minting exploits, and other types of attacks. In token minting contract exploits, if someone gains access to the private key of the contract, they can mint as many new tokens and send them anywhere they’d like. With rug pulls, project founders can sell all of the tokens they hold - draining the liquidity from a decentralized exchange. Other rug pulls involve founders stealing tokens from a presale lockup contract. Rug pulls thrive on decentralized exchanges because they allow free listings of new tokens with no requirement of a smart contract audit. Smart contract audits are a necessary first step in identifying centralization risk. CertiK smart contract audits highlight all centralization risks by identifying 5 types of issues: Critical, Major, Medium, Minor, and Informational. Users can be confident in the security of a project that follows CertiK’s recommendations, such as implementing timelocks and multi signature custody solutions. To learn more about centralization risks, visit CertiK.com/resources.

New Security in 60 Seconds episode Give us 1 minute, and we'll give you the findings. Check out the review of Hoge's audit report on CertiK's Security Leaderboard. https://www.certik.com/projects/hogefinance Transcript: Auditing is a complicated and essential step in the security process. At CertiK, we review the top DeFi projects to help you better understand the findings from our experts. HOGE is an ERC20 token on the Ethereum blockchain. It has a 2% tax on every transaction. One-half of that tax is transferred back to wallet holders. The other half is burned forever. This audit covers Hoge on the Ethereum platform. The summary describes the audit and the types of analyses used. Overview shows the programming language, the blockchain used, and a link to the project's codebase. The Vulnerability Summary lists issues that need resolution. Audit Scope displays which contracts were audited. Findings highlight all issues and ranks them in terms of severity from critical to discussion. In this audit, we found 0 Critical, 0 Major, 0 Medium, 2 Minor, and 3 Informational issues. The Hoge team has acknowledged all of the issues. Visit CertiK.com for the full report.

New Security in 60 Seconds episode Give us 1 minute, and we'll give you the findings. Check out the review of Position Exchange's audit report on CertiK's Security Leaderboard. https://www.certik.com/projects/positionexchange Transcript: Auditing is a complicated and essential step in the security process. At CertiK, we review the top DeFi projects to help you better understand the findings from our experts. Position Exchange is The Next-Gen Decentralized Trading & Crypto Platform with a whole Ecosystem running fully on-chain. This audit covers Position Exchange on the Binance Smart Chain platform. The summary describes the audit and the types of analyses used. Overview shows the programming language, the blockchain used, and a link to the project's codebase. The Vulnerability Summary lists issues that need resolution. Audit Scope displays which contracts were audited. Findings highlight all issues and ranks them in terms of severity from critical to discussion. In this audit, we found 0 Critical, 2 Major, 2 Medium, 3 Minor, and 1 Informational issues. Position Exchange has all of the issues pending. Visit CertiK.com for the full report.