Sparrow successfully completes CertiK’s security audit, bolstering platform security
Sparrow is pleased to announce that we have successfully completed CertiK’s rigorous platform audit, with CertiK reaffirming Sparrow’s platform “strong security posture”. As one of the industry-leading security firms, CertiK sets a very high bar for security and reliability.
Why the Penetration Test matters
Sparrow chose to work with CertiK’s team of world class white hat hackers to run a penetration test for their platform at large to ensure security.
By performing this task, CertiK was better able to prove and represent Sparrow as a safer and more secure platform in-line with all the best practices in the field.
Certik’s penetration test for Sparrow contained a detailed assessment of the system’s security posture. Some of the methods used during the testing of Sparrow consisted of:
- Black box testing to simulate an unknown attacker.
- Grey box testing to simulate a validated user on the Sparrow Platform to ensure that accounts are secure and login roles cannot be manipulated by users or administrators.
- Security testing for Sparrow of their web application. The assessment was carried out using both a manual and automated approach.
- Utilizing OWASP Top 10 standards and the list of Attack Vectors, and Vulnerability Assessments are listed below. CertiK has rigorously tested Sparrow’s platform for security weaknesses and direct vulnerabilities.
- The use of proprietary and open source tools for scanning and evaluating network securities.
During testing, the Sparrow application demonstrated strong mechanisms to prevent potential hacks. The platform had robust checks and proved that security was an integral part of the project.
After Certik’s risk analysis and report, Sparrow was able to leverage the adjustments recommended by the penetration test and ultimately empower its ecosystem to trade confidently.
“We are proud to have passed CertiK’s rigorous formal verification audit. With customer protection as our top priority, Sparrow is committed to keeping our platform safe, secure and compliant to global standards.”
Kenneth Yeo, CEO of Sparrow
About CertiK
CertiK is a blockchain and smart contract verification platform founded by top Formal Verification experts from Yale and Columbia University. Incubated by Binance Labs, Certik has strategic partnerships with the world’s leading crypto exchanges such as Binance, OKEx, and Huobi, as well as protocols such as NEO, ICON, and QuarkChain.
CertiK’s formal verification method works differently than traditional testing approaches: rather than working manually, CertiK mathematically proves blockchain ecosystem and smart contracts are hacker-resistant and bug-free at scale. CertiK has secured over $4B in asset value, auditing several projects across all major protocols, including BNB, Terra, Crypto.com, and TUSD.
To request the audit/verification of your smart contracts, please email audit@certik.org or visit certik.org to submit the request.
Twitter: https://twitter.com/certikorg
Reddit: https://www.reddit.com/r/CertiKOrg/
Telegram: https://t.me/certikorg
LinkedIn: https://www.linkedin.com/company/certik
About Sparrow
Sparrow | www.sparrowexchange.com is the leading options trading platform, providing the simplest way to control risk and monetize your digital assets. Trade with confidence on the world’s best options trading platform powered by smart contracts.
Headquartered in Singapore, Sparrow offers fully-customizable options settled by smart contract in an intuitive and easy-to-use trading interface. Professional traders will also be able to use Sparrow APIs for maximum performance. Sparrow aims to serve the needs of all traders by providing a wide range of industry-leading trading tools.
Sparrow is backed by renowned organizations such as: Signum Capital, Hyperchain Capital, Kyber Network, LuneX Ventures, Arrington XRP Capital, Digital Currency Holdings, Du Capital, The Yozma Group, QCP Capital, 256 Ventures and Jubilee Capital who firmly believe in the project and have committed to use Sparrow as their preferred hedging partner.
Website: https://www.sparrowexchange.com
Medium: https://medium.com/@FriendlySparrow
Telegram: https://t.me/SparrowExchange
Twitter: https://twitter.com/SparrowExchange
Facebook: https://www.facebook.com/SparrowExchange/
