DUBAI, UAE, Sept. 16, 2022 /PRNewswire/ -- Statemind, a leading blockchain security auditing firm, announced it's now live. The debut of the new company launch coincided with a major splash across the crypto industry. Statemind discovered a critical vulnerability and prevented an estimated $350M+ in damages, and would have been the third-largest DeFi hack in history according to rekt leaderboard.
Statemind Discovery Spread Across Crypto Development Community
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Statemind
After an independent review of custom precompiles in some of the most popular cryptocurrency protocols, Statemind discovered a critical vulnerability and immediately reported the findings anonymously through ImmuneFi.
Precompiled contracts are a compromise used in the EVM to provide more complex library functions that are not suitable for writing in opcode. They are usually used for complex operations such as encryption, hashing, etc.
Due to demand from the cryptocurrency community, Statemind stepped...
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