Immunefi, Trail of Bits, and Solana Foundation Unveil The Rekt Test

• Immunefi, Path of Bits, and Solana Basis launch ‘The Rekt Check’.
• Customers and buyers achieve beneficial insights via The ‘Rekt Check’ to judge venture safety earlier than engagement.
• Web3 specialists collaborate to create a vital customary to safeguard towards hacking.

Immunefi, a bug bounty safety platform, Path of Bits, a cybersecurity agency, and the Solana Basis have launched ‘The Rekt Check’. This initiative is touted as a web3 safety benchmark designed to make sure that web3 initiatives preserve a minimal degree of safety efficiency.

In response to the main points from the press launch, the Rekt Check is an in depth safety evaluation software, providing a structured questionnaire to information web3 initiatives in evaluating their safety measures. Particulars reveal that the analysis covers seven essential safety features: system documentation and roles, key administration and entry management, incident response and disaster administration, group and personnel safety, code safety and testing, and others.

The press launch additionally talked about that by finishing the Rekt Check, customers and buyers achieve beneficial insights into the venture’s safety high quality, empowering them to make knowledgeable choices earlier than participating. Moreover, the initiative is launched to handle the urgent have to safeguard towards potential threats posed by attackers searching for to take advantage of code vulnerabilities, personal key thefts, and social engineering techniques.

The event of the Rekt Check was carried out by a group of web3 safety specialists, comprising notable people comparable to Mitchell Amador, Immunefi’s founder and CEO; Dan Guido, co-founder and CEO of Path of Bits.

Moreover, Lee Mount, head of EulerSwap at Euler Finance; Shahar Madar, head of safety merchandise at Fireblocks; and representatives from Ribbit Capital performed important roles in its creation. The venture additionally advantages from collaboration with Fireblocks and Ribbit Capital.

“The Rekt Check is an important customary for making certain that web3 initiatives are working at a minimal baseline of safety efficiency,” mentioned Mitchell Amador, underscoring the significance of proactive safety measures in stopping pointless losses brought on by personal key thefts and social engineering.

Immunefi lately launched a report stating that over $3.9 billion was misplaced to hacks and scams within the Web3 ecosystem final yr. The report additionally highlighted that the Web3 area was valued at over $934 billion in 2022. This particularly attracted hackers, who discovered it profitable to take advantage of varied protocols.