Bailsec

We're currently in the process of conducting our audit for @1inch. BailSec is tasked with an audit of the new 1inch Aqua scope. Be sure to keep yourself informed by following @bailsecurity for important updates..

We're currently in the process of conducting our audit for @symbioticfi. Be sure to keep yourself informed by following @bailsecurity for important updates. BailSec - exposes risks that others overlook ✅

@ParallelMoney 🤝

Security first, always. Alongside real-time monitoring, bug bounty programs, backup domain, and continuous risk management, audits remain a key part of how we strengthen Parallel. Excited to work with @bailsecurity and will share updates as the process progresses.

@Ace_da_Book @hyperlendx @NestExchange Keep going 🔥

$8m TVL and just onboarded @hyperlendx $HPL to @NestExchange Very bullish the top lending protocols on HyperEVM with the increase in RWAs and portfolio margin collaterals as they will bring in tremendous amounts of liquidity.

@SmarDexAI @rausis Eva knows everything 🙂

BailSecurity is a standout blockchain auditing firm based in Dubai, launched in 2023. Theyve completed over 350 smart contract audits, protecting more than 20 billion in TVL by uncovering 1000 plus high-risk vulnerabilities. Their edge comes from a veteran team with deep DeFi expertise, handling complex stuff like concentrated liquidity and CLMMs with surgical precision. Super responsive 24/7, transparent reports on GitHub, and they go beyond bugs to suggest real improvements. Founders from SmarDex, 1inch, Euler, and Parallel love their thorough, partnership-focused approach. Solid choice for web3 security.

Right now, you can ask @SmarDexAI, the world’s most advanced AI for financial and crypto analysis, for advice on any trade or investment, and it will respond! Give it a try below!

DeFi security is more important than ever. We recently completed @NestExchange's third audit with @bailsecurity and we are very happy with the results. What sets BailSec apart is their honest approach of running several audit teams simultaneously, with thorough auditors ensuring nothing gets missed. They assign auditors who are capable of auditing your scope, and not just any available auditors on the market. For our large scope, we had 3 teams of 2 auditors each, so 6 auditors in total! Their communication is clear and responsive throughout the entire process, keeping you informed every step of the way. No matter when you reach out, during the day or in the middle of the night, they are always available and ready to help. A reliable, professional team that delivers on what they promise.

We are currently in the process of conducting an audit for @ParallelMoney. Be sure to keep yourself informed by following @bailsecurity for important updates.

@CoinbaseDuck @Ace_da_Book @NestExchange That's exactly right. Even SOME multi-billion dollar protocols are choosing their audit partners purely by price and not quality.

@bailsecurity @Ace_da_Book @NestExchange Some, but not all were just looking for an easy pass so they can have it on their website or tweet about they have done their job.

@CoinbaseDuck @Ace_da_Book @NestExchange Unfortunately, most of the builders are falling for the marketing and BDs of all these low quality audit teams.

@bailsecurity @Ace_da_Book @NestExchange 🙏

@CoinbaseDuck @Ace_da_Book @NestExchange check this: x.com/bailsecurity/s…

@bailsecurity @Ace_da_Book @NestExchange I just feel bad for you all real builders, but I’m optimistic about the future! Time will prove!

@CoinbaseDuck @Ace_da_Book @NestExchange Very true for 95%+ of audit providers, as many deliver low-quality security audits while giving the public a misleading sense that the contracts are safe.

@Ace_da_Book @NestExchange @bailsecurity Sad reality is that security audit is like 2018-2020 white paper, people no longer trust it. It’s sad for good builders.

@Ace_da_Book @NestExchange Committed to our partners, always 🤝

@ETHDubaiConf 🤝

Dubai crypto scene is pretty active right now. A lot of strong teams are based here, or at least spend time here regularly, so you end up meeting people from pretty much every segment. 1/4

Im super paranoid when it comes to auditor allocation for audits. I always want 99.9% coverage and sometimes even overshoot with the allocation. When I then look at other audit companies and what they do, I get a bit more relaxed because I know that our coverage is 5x better.

Onboarding @OctantApp as our new client🤝. More details to follow very soon.

@ihtishamSudo Yes we always do 🫡

should be reported in audit reports as governance issues. appreciate @bailsecurity doing this!

@gurwinder_sui @0xCharlesWang Very true for 95%+ of audit providers, as many deliver low-quality security audits while giving the public a misleading sense that the contracts are safe.

@0xCharlesWang security industry is just blatant money extraction by 0xCharlesWang

One of the biggest reasons so many projects still get hacked is that they hire audit teams that are not real audit teams. Most are not buying security. They are buying a stamp, and usually the cheapest one they can get. For small projects, that may be understandable since they have no money. But even 90%+ of protocols with billions in TVL do the same: compare all offers and choose strictly on price. That is not a security mindset. That is a checkbox mindset. Real security requires a serious audit and proper consultation on what it actually takes to design and write robust smart contract code. And the uncomfortable truth is simple: a large part of the market today is filled with providers that sell the label of an audit, not the quality of one. It takes a while to understand what „true security“ means and it’s a deep rabbit hole. Only those who digged into it will be able to understand the industry and realize that a lot of what’s ongoing in the security industry is just blatant money extraction

@GolemFoundation @OctantApp @aave @golemproject A great gesture from a great team 💛

Golem Foundation and Golem Factory are contributing a combined 1000 ETH from our treasuries to @aave's coordinated DeFi relief effort following the rsETH incident. We've been working closely with the Aave team this week in a supporting capacity. Our contribution will go toward restoring rsETH backing and enabling an orderly resolution for affected stakeholders. Glad to stand with @aave and the rest of the ecosystem responding here. DeFi United.