Neo receives audit from Red4Sec, further strengthening Neo X governance and bridge security
Neo has successfully completed an audit with Red4Sec, a leading cybersecurity firm, for its newly developed sidechain, Neo X. The audit focused on Neo X’s governance and the native bridge between Neo X and Neo N3, resulting in three detailed reports outlining identified vulnerabilities and their respective fixes. With this, Neo X has now been audited by three notable blockchain security firms: BlockSec, Secure3, and Red4Sec.
The published reports are available here.
As of the publication date, all high and medium-level vulnerabilities have been resolved. One low-level and several informative-level risks have been acknowledged. These issues do not impact the overall security of the system and will be addressed in due course without requiring immediate action.
Red4Sec, a trusted partner since 2017, has been actively collaborating with Neo and our community to strengthen the security of our ecosystem. Based in Spain, Red4Sec specializes in blockchain technologies, ethical hacking, and penetration testing, with expertise in security audits across infrastructure, code, web applications, smart contracts, blockchain systems, and mobile applications. Over the years, Red4Sec has audited the code for Neo N3, Flamingo (the top DEX on Neo N3), and several other projects launching on N3.
In this seven-year partnership, Neo and Red4Sec have consistently worked together to enhance and improve the security of our blockchain ecosystem. This collaboration underscores Neo’s long-term commitment to maintaining robust security practices, benefiting Neo’s user community while also contributing to the broader development of security standards in the blockchain industry.
Following the completion of security audits with three firms, we remain dedicated to identifying vulnerabilities and further strengthening the security and resilience of Neo X and the broader Neo ecosystem.
About Neo
Founded in 2014, Neo is an open-source, community-driven blockchain platform designed to welcome developers into the Smart Economy. By enabling developers to digitize and automate the management of assets through smart contracts, Neo is built to realize the optimized digital world of the future. As the most developer-friendly blockchain, Neo meets developers where they are by integrating seamlessly with the world’s most widely used languages and tools and providing the most feature-complete blockchain platform for building full-stack decentralized applications. With native support for powerful infrastructure including decentralized storage, oracles, and domain name service, Neo is the ideal foundation for developers to build the next generation Internet.
Neo X is Neo’s sidechain. With its MEV resistance and full compatibility with Ethereum tooling, Neo X excels in cross-chain scalability and DeFi applications through its use of the dBFT consensus mechanism and enveloped transactions.
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About Red4Sec
Red4Sec is a cybersecurity company based in Spain, specializing in blockchain technologies, ethical hacking, and penetration testing.
Its expertise extends to a wide range of security audits, including infrastructure, code audits, web applications, smart contracts, blockchain audits and mobile applications.
Its founders bring extensive experience in cybersecurity, having worked with some of the most prominent technology companies in the industry. In recent years, Red4Sec has concentrated on blockchain and smart contract audits, forming partnerships with leading blockchain organizations, such as Neo.
Red4Sec offers a comprehensive range of services performed by seasoned experts. Its team has extensive experience with top international cybersecurity firms, ensuring that all clients receive the highest level of service.
Red4Sec provides auditing services for blockchain, smart contracts, and cryptocurrencies. Its objective is to thoroughly analyze your blockchain-based project, token sale offering, or smart contracts, ensuring that the code implementation and cryptographic components are secure.
Red4Sec’s expertise spans multiple programming languages, protocols, consensus algorithms, and smart contracts, making it a trusted partner in securing your blockchain projects.
