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Over the last several days, a widespread investigation was launched into an anonymous white hat tipster who miraculously saved several top crypto protocols from substantial losses to the tune of $350M and still counting. The community eventually discovered that the hero of the story was blockchain security auditing firm Statemind.
The company is relatively new, yet its impact on the cryptocurrency industry is already being recognized and appreciated in a significant way. The recent situation is also the perfect example of why blockchain auditing firms are so important and can potentially save businesses millions in damages.
Here is everything you need to know about the recent blockchain vulnerability in Avalanche, SushiSwap, Abracadabra, and other protocols. We will also shed some additional light on Statemind itself.
All About The $350M Vulnerability And White Hat...
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https://cryptoslate.com/statemind-saving-crypto-companies-350m-shows-industry...
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