QuillAudits

26/04/2023

The best way to build realistic platforms with utility is by connecting with the community.✨

It's time to announce our AMA with QuillAudits! 🎤

So, book your calendars and prepare your questions as we go live on 28th April! 5:30 PM GST 📆

https://twitter.com/i/spaces/1zqKVPOmpPnJB

19/10/2022

10/09/2022

https://lnkd.in/dbPGy8AQ

02/09/2022

$620 million, $96 million, $7.8 million - Baffled by looking at the numbers?

They are the respective amount stolen from Axie Infinity’s Ronin bridge hack, Harmony’s Horizon Bridge hack, and the Nomad attack that happened in the past weeks of 2022.

Did you know the pattern of asset flow laundered from all these hacks?

They all made their way into Tornado Cash, a crypto mixer to hide the identities behind the biggest crypto scams.

Virtual cryptocurrency mixers have become a haven for cybercriminals to launder illegal cryptocurrencies in recent times.

Considering the negative impact, several bans on the crypto mixing services are imposed by OFAC.

Do crypto mixers able to serve the intended purpose? What does the data say about the fund flow into the crypto mixers?

Find out the answers to a lot more never-ending questions about crypto mixers in this comprehensive article.

Crypto mixers are services that help to break the link between a user's cryptocurrency wallet and their identity. Learn more about it here.

30/08/2022

The crypto world meltdown from the series of hacks in 2022 diverted our attention from the parallel increase in DoS activity.

That’s true. Kaspersky has reported 2.5 times more DoS attacks in Q2 2022 than compared to 2021.

The DoS attack specializes in disrupting the normal activity of the server/website or bringing it down completely.

How common are DoS hacks in Web3? How do hackers perform them on blockchain driven by smart contracts? How to resolve them?

Feel intrigued by the how’s? Read our latest article to find a clear and elaborative answer below👇

Denial of Service Attacks is an attempt to make a machine or network resource unavailable to its intended users. Know more here.

26/08/2022

NFTs have a special attraction to other cryptocurrencies.

Do you agree?

It’s true because of the fact that NFTs showcase artistic expressions that captivates the majority of the eyes. 👀

Some of those eyes include that of the hackers, who are a standing threat to the NFT economy. 💵

But as with challenge comes the rise of the solution to it.

From all the data analysis, security measures are formulated to mitigate the risks that lie on every subsequent level of trading NFTs.

Find out the information about the various levels, their associated risks and how auditing helps sort out and secure.

Learn more about it in our latest article below👇

With the increase in cyber attacks, it's important to ensure that your NFTs are properly secured. Learn more here about NFT Security.

24/08/2022

What’s more challenging for a Web3 project after security? Voila! if you’ve spelt it rightly - “Gaining Trust.”

That’s exactly why it is important to get your identity verified for the world of Web3 to identify you as a trustable project.

Here comes the launch of the KYC service from QuillAudits to diversify the scope of potential projects by acknowledging the identity of the team and the project background.

Thereby the KYC verified status adds a feather to the crown, revealing the authenticity of the project and grabbing the sight of the investors.

Get familiarized with the exceptionality of the QuillAudits KYC services to make the best out of it. 👇

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QuillAudits KYC process cut off the fear about the project's anonymity to the investors and builds a huge user base for you.

22/08/2022

“Crypto protocol exploited; the hacker started sending the funds through Tornado cash” - sounds like you’ve heard it before?

Exactly! That’s been the striking line in most of the happening web3 attacks in recent times.

Tornado Cash is an innovative creation adorned with decentralization attributes of maintaining the privacy of the identities and the transaction they make.

The other side is hackers misusing them to transfer illicit funds without getting caught.

In the wake of restricting hackers from stealing funds, the ban on Tornado Cash by the US treasury has become a question of debate since the regulation is launched.

Explore in this blog the wide coverage of information about Tornado cash to gather insight into what’s going on.

Tornado Cash is a decentralized privacy-focused protocol built on Ethereum. Learn more about it here it's rise and fallout.

10/08/2022

NFTs and Crypto all sound so familiar now that you want to involve and invest in them. No wonder it has become the culture now.

A part of the community with artistic taste finds NFTs to be more intriguing and crowding the NFT space ranking them in millions.

Beeple’s Everyday’s artwork, rarest editions of CryptoPunks, and The Merge NFT created by artist Pak are the notable ones that gave life to a million of dollars worth of NFT.

NFTs are notable for their distinctiveness and rarity traits. On the other hand, doesn’t it excite you to know how the NFTs retain their rarity and uniqueness?

There come the NFT tokens standards, such as ERC-721 for creating the rarest NFT on earth, ERC-1155 for releasing a limited supply of NFT editions and many more in the lot.

The other side to it is the vulnerabilities that constantly challenge its improvisations.

The following article discusses everything from the eloquentness of the NFT to the sensitive issues they are exposed to.

Top your NFT craze with the knowledge. Happy reading!

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The three most common NFT token standards are ERC-721, ERC-1155, and ERC-884. Learn more about these NFT standards here.

05/08/2022

ÐApps—

According to the reports by DappRadar,

“The number of users engaging in decentralised applications is growing by 396% yearly, with now 2.4 million.”

Gaming DApps account for over 50% of the user activity in Q1 of 2022.

The blog below focuses on—

➚Introduction to DApps
➚Characteristics Of DApp
➚DApp Security Issues
➚Issues With DApps
➚Status Of DApp Hacks And Scams In 2022
➚How To Stay Secure And Preventive Methods To Adopt For DApp Security

Check out the link below to learn more about the aforementioned topics👇

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DApps run on decentralized networks, they may be even more susceptible to attack than traditional applications.