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Anthony Orlando
Apr 30, 2018

Successful Security Audit of Binance’s ERC20 Tokens

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Smart contract security firm Quantstamp recently assisted Binance to audit its listed ERC20 tokens to make sure they are not affected by the recent batchOverflow and proxyOverflow 0-day vulnerabilities.

 

As the world’s leading cryptocurrency exchange, Binance facilitates trading of digital currencies with trading volume of several billion — funds that could have been targeted if impacted by these vulnerabilities. We applaud the Binance team, whose proactive response and high standards for security helped to mitigate the risk of harm to their several million users. Quantstamp shares Binance’s safety first philosophy throughout this process, and we value their immeasurable dedication to the security of their customers.

 

Quantstamp’s automatic and manual audits allowed us to swiftly audit and secure all presently-listed ERC20 tokens on Binance. We have determined that they are unaffected by the recently-identified vulnerabilities.

 

Quantstamp commends the immense diligence Binance has shown through this process and we value their immeasurable dedication to the security of their customers.

 

“Quantstamp shares Binance’s safety-first philosophy in protecting their customers and supports the exchange’s ambitions to create the gold standard in security for the mass adoption of digital currencies. In light of the recent vulnerabilities, we are proud to have assisted Binance in its mission to help protect their token holders and the wider Ethereum community” — Richard Ma, CEO, Quantstamp

 

For press inquiries and additional questions, please contact press@quantstamp.com. For security inquiries or to request an audit, please contact security@quantstamp.com.

 

About Binance: Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.

 

 

Source:

https://medium.com/quantstamp/quantstamps-successful-security-audit-of-binance-s-erc20-tokens-c4577a31d8a6

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