What would happen to the industry if smart contract auditors were held accountable when the code they checked gets hacked? Hacken’s Dyma Budorin believes Web3 cybersecurity firms would be more valuable and the industry would be much safer.
Smart contract auditing firm Hacken CEO Dyma Budorin thinks Web3 cybersecurity providers are failing the crypto industry and that “huge blind spots” in market practices are impacting investor behavior.
Budorin believes a lack of accountability and transparency in the audits many providers perform falls short of reassuring users and projects. Currently, smart contract auditors take no accountability if a token they have audited gets hacked due to a bug in the code. Unsettlingly, most of theIn a call with Cointelegraph on Apr. 27, Budorin said this makes him uneasy as it compromises the growth trajectory of the Web3 cybersecurity industry which is already lagging farWeb3 auditors take a deep dive into the code of a token in search of threats of varying severity.
Budorin explained that “auditors have a lot of responsibility” which is being ignored because the money is coming in and there is no public outcry for better products.
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