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certik

CertiK is a blockchain security company established in 2018. The company provides end-to-end blockchain security audit services by leveraging formal verification and AI technology. In addition, the company has developed "CertiK Chain," a security-focused blockchain designed to enhance the security of smart contracts.
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first_img CertiK suggests that exchanges set a USD limit for hot wallets

The cybersecurity company CertiK recommends that cryptocurrency exchanges set a hard dollar limit on hot wallet holdings, rather than relying solely on cold storage ratios to measure security. This recommendation comes at a time when several exchanges have recently disclosed their cold wallet holdings ratios to reassure customers, following a record hack of Binance's hot wallet. Gate reports that 88.26% of its total assets are stored in cold storage, while Coinbase states that over 99% of customer assets are kept offline.The CertiK research team told Cointelegraph that cold storage is an effective indicator of online risk exposure, but it is not an independent security rating. Currently, South Korea requires crypto service providers to store at least 80% of the value of customer crypto assets in cold storage, Singapore's guidelines require at least 90%, Japan's framework requires at least 95%, and the benchmark for licensed crypto trading platforms in Hong Kong is 98%. CertiK points out that higher levels of cold storage generally reduce online risk exposure, but at extremely high levels, the returns diminish, and a rigid storage ratio may slow down withdrawals, force hasty transfers, and concentrate risks in the key management system.CertiK suggests that exchanges set hot wallet limits for each asset and blockchain based on the most stringent of three restrictions: the percentage of customer liabilities, estimated withdrawal demand, and an absolute loss limit based on the exchange's financial resources and recovery capabilities. Additionally, Binance stated last week that it has replenished about 98% of the affected tokens after the hack and absorbed the losses itself, with the remaining tokens having lower liquidity and longer acquisition times. Elliptic reported that hackers linked to North Korea laundered money by issuing memecoins, transferring about $430,000 through six newly issued tokens on NEAR.

CertiK Report: Brazil's cryptocurrency market enters a comprehensive regulatory phase, with independent verification becoming the key to access

Web3 security company CertiK released the report "Intel3D: PSAV and Brazil's New Security Standards." The article points out that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 of this year) approaches, local virtual asset service providers (PSAV) are facing a round of concentrated compliance adjustments, and compliance and security certifications issued by independent third parties are transitioning from industry best practices to important requirements for market access.According to the report, CertiK is currently conducting independent external audits based on the Central Bank of Brazil's Normative Instruction No. 701. As one of the markets with the highest adoption of crypto assets globally, the impact of this regulatory transformation in Brazil may far exceed the local market. The report shows that Brazil currently ranks fifth in the world for actual crypto asset adoption rates. From June 2024 to June 2025, the on-chain asset value received by Brazil reached $318.8 billion, accounting for nearly one-third of on-chain activity in South America during the same period. Stablecoins have become an important infrastructure in the local digital asset market, accounting for about 80% of the trading volume in crypto asset transactions reported to the Federal Revenue of Brazil.

CertiK: The losses from wrench attacks have surged nearly 12 times, making operational security the new core of prevention

Web3 security company CertiK released the "2026 First Half Wrench Attack Report." The report shows that in the first half of 2026, a total of 52 publicly verified wrench attack incidents were recorded globally, an increase of 33.3% year-on-year; related losses amounted to approximately $124 million, an increase of about 11.8 times compared to the same period last year.The report points out that attackers are shifting from exploiting technical vulnerabilities to targeting asset holders and their real-world relationship networks, with home invasion incidents rising from 1 in the first half of 2025 to 20, accounting for 41% of the total incidents during the same period. Europe has become a high-frequency attack region, with 33 incidents occurring in France, accounting for 63.5% of global cases.CertiK states that as real-world risks become a significant challenge for digital asset security, businesses and high-value individuals need to establish a more comprehensive protection system. CertiK has launched operational security services to help identify risks related to the exposure of information such as identity, home, residence, and travel trajectory; at the same time, through CertiK Security Workspace, it correlates off-chain intelligence, on-chain transactions, and AML risk signals to support institutions in tracking and analyzing cybercrime activities.In addition, CertiK is strengthening cooperation with international law enforcement agencies such as Interpol and Europol to provide technical support for cross-border attack investigations and security policy research.

CertiK: In the first half of 2026, Web3 losses exceeded $1.3 billion, with attacks accelerating towards high-value targets

Web3 security company CertiK released the "Hack3D: First Half of 2026 Report." The report shows that in the first half of 2026, the Web3 ecosystem experienced a total of 344 security incidents, with cumulative losses of approximately $1.32 billion. Although this figure represents a 46.8% decrease compared to the same period last year, if we exclude the impact of the $1.45 billion security incident encountered by Bybit, the loss scale in the first half of this year has actually increased by about 28% year-on-year, indicating that the overall security environment in the industry has not seen substantial improvement.The report points out that wallet theft has become the largest type of attack causing financial losses, resulting in approximately $450 million in losses in the first half of the year; meanwhile, although the number of phishing attacks has decreased by over 50% year-on-year, the amount of losses has only decreased by about 10.8%, reflecting that attackers are increasingly targeting high-net-worth individuals and institutional targets, implementing more focused high-value attacks.In addition, code vulnerabilities remain the most frequently occurring type of attack, with related incidents reaching 204. CertiK believes that attackers are increasingly targeting long-running and outdated smart contracts that lack re-auditing.The report also shows that large-scale attack incidents continue to dominate industry losses, with the Kelp DAO and Drift Protocol incidents collectively causing approximately $577 million in losses, accounting for 44% of the total losses in the first half of the year. From the perspective of incident quantity, the impact of single attacks, and changes in attack patterns, the Web3 industry is facing increasingly complex and continuously escalating security challenges.
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