Web3 Security Reports for Informed Decision-Making and Risk Mitigation

Stay ahead of the curve with expertly crafted Web3 security reports that offer actionable insights and unparalleled analysis.

Security Guidlines
Q1 Q2 Report
outlook-22-23

Web3 security is a superset of web2 security. You have to do everything you do in web2 and more.

It's important to not forget the basics when securing web3 assets. Securing a web3 product is a comprehensive process that includes much more than just smart contract audits.

Mudit Gupta

Mudit Gupta

Cheif Information Security Officer, Polygon

Security is one of those issues that can derail Web3 and cannot be taken lightly. At its heart, Web3 is about autonomy and smart contracts, and that makes security more critical.

Ajeet Khurana

Ajeet Khurana

Founder, Reflexical

Institutional grade security of smart contracts, end points and bridges is a must for large scale consumer grade applications to work on the blockchain stack. At Woodstock we focus on 5Ts in our due diligence of startups. The first 2Ts represent Team & Technology. A well rounded Tech team with disciplined development and security mindset is hygiene to success of a protocol or Defi startup.

Pranav Sharma

Pranav Sharma

Founding Partner, Woodstock Fund

Protecting your Web3 assets and users from security threats is crucial but can be overwhelming.

That's why we have curated a series of expertly crafted reports that provide real-world examples and practical advice. Our engaging and informative reports are the ultimate resource for businesses and organisations operating in the Web3 space. Join us on the journey to a safer Web3 world.

CEO QuillAudits

Smart contract safety and security is still in its early days. You can compare it with internet of early 1990s. It will take atleast a decade of hardwork by the developers, auditors and early adopters to reach the security standards that we have in Web2.0 today, which are, at best bearable. Till that happens, Defi will always have that risk factor associated with it.

Sandeep Nailwal

COO & Co-Founder at Polygon

SECURITY GUIDELINES

Blockchain Security Guidelines

  • -> Comprehensive Security Guidelines for Safeguarding Web3 Assets such as Tokens, DeFi, NFTs, Wallets, and dApps.
  • -> Detailed Roadmap on Best Development Practices, Documentation, and Blockchain Security Configurations.
  • -> Incident Response Blueprint including Detection, Monitoring, and Security Breach Guidelines in Web3.
  • -> Smart Contract Audits & Development checklists for security-oriented development of digital assets.
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2023 H1 CONCLUDED

The State of Web3 Security (Q1 + Q2) 2023

  • -> 351 Web3 security incidents were recorded in the first half of 2023.
  • -> $605M: The total amount lost to hacks in the first two quarters of 2023.
  • -> Smart Contract Vulnerabilities and Rug Pulls were the most common types of exploits.
  • -> Despite their lower frequency, logic Errors led to a shocking $225M loss.
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2022 CONCLUDED

Web3 Security Outlook MENA Region

  • -> Growth of Web3 in the Middle East and Dubai Region
  • -> Growth and adoption of Web3 technologies in the Middle East and Dubai region
  • -> Into the World’s Web3 Capital Rising Security Concerns in Web3
  • -> Specific use cases and initiatives in the region
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2022 CONCLUDED

Web3 Security Outlook 2022

  • -> $4B were lost in 300+ security exploits in 2022
  • -> The report outlines all major hacks and security breaches that occurred in 2022.
  • -> The report also explores new technologies, such as Layer 2 and zero-knowledge proofs, the role of AI in securing the Web3 ecosystem, and offers essential technical measures for smart contract developers to mitigate vulnerabilities.
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2021 CONCLUDED

Blockchain Security Outlook - 2021 & Insights for 2022

  • -> $8 billion stolen in 2021 in various hacks & scams.
  • -> A comprehensive overview of the security status of DeFi & NFT protocols
  • -> In-depth coverage of significant hacks of 2021
  • -> Highlights on the Web3 shift.
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2020 CONCLUDED

DeFi Exclusive Security Synopsis 2020

  • -> $2.3 billion were lost to various scams, hacks, and cyber-attacks.
  • -> Get extensive insight into DeFi Trends, Smart Contract Vulnerabilities, Auditing Trends, and vicious DeFi Attack Patterns.
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We are always looking for contributors to help us secure Web3.0

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PROOF OF CAPABILITIES

Why QuillAudits

Check List

850+
Audits Completed

Money Bag

$30B
Secured

Software Development

800k
Lines of Code Audited

Years of Experience

5+
Years of Experience

TESTIMONIALS

What our Clients are saying

PI-Protocol

I can absolutely recommend working with QuillAudits, great work together, high level of advising and reviewing!

Gorden Kirisits

Gorden Kirisits

PROJECT FOUNDER, PI - PROTOCOL

BCUBE

You guys rock, and I really will stick with you guys. I will even look at the opportunity to go to other services that you are providing.

Erwan Rouzel

Erwan Rouzel

CTO, BCUBE

Azomland Metaverse

The whole experience was good, from the beginning to the delivery of the final certification certificate. Undoubtedly a professional job and with a focused attention to understand the project. 100% recommended.

Niccolas

Niccolas

CEO, Azomland

BetSwirl

On top of doing our security audit, the team identified ways to decentralize further the governance and management of our smart contracts.

Romuald Hog

Romuald Hog

Co-Founder, BetSwirl

Pandora Finance

Our experience with QuillAudits was pretty good. They helped us improve our protocols in many spectrums, security being one of them.

Pushkar Vohra

Pushkar Vohra

CEO, Pandora Finance

Polylastic

While researching similar companies, I came across QuillAudits and from the moment we first contacted, we were constantly supported and the process went smoothly.

Niko Sairanen

Niko Sairanen

Technology Director

Pathfund

The whole experience was far better than we expected. The reports given by quill team were outstanding and we do see quill as one of the top auditing companies currently. If things evolve in the same way as until now, we predict that quill has everything it needs to be the top company for auditing.

Alexander

Alexander

CEO, Path Fund

Aquarius Exchange

Quillhash team was very meticulous in planning our smart contract audit and they did a very good job identifying issues with our code and also provided us with a crystal clear understanding of the potential fix as well. The Audit report is comprehensive and have a pretty smooth flow as well.

Varun Singhi

Varun Singhi

Blockchain Business Strategies

Kichee

QuillAudits helped us with the auditing of our smart contract and even helped us with amazing feedback! It was a good experience with them and hope to work again with them.

Ambar Gupta

Ambar Gupta

Head of Technical Development,Kichee

CXN Network

It was an awesome experience with QuillAudits, for sure. Everything was fast, smooth and perfect; I can't seem to see any loophole

Azeez Ibrahim

Azeez Ibrahim

COO, CXN Network

Finblox

I enjoyed working with QuillAudits because they were very responsive and patient with us. They followed up with us professionally and overall a positive experience with everyone.

Charlie Phan

Charlie Phan

Head of Operations

Sportiqo

It was quite a wonderful service and the customer experience was top-notch.

King Favour

King Favour

Team Member

V2SOFT

QuillAudits were very professional in executing the audit and providing valuable suggestions to V2SOFT. Their quick turnaround and style of audit is really commendable.

Naveen Namperumal

Naveen Namperumal

Delivery Head

BITLEARN GALAXY

It was really awesome experience working with QuillAudits, best thing about QuillAudits is their expert team committed to provide their best service in stipulated time. The Best

Qais Qasim

Qais Qasim

Team Member

Starly

Very satisfied. You were the ones who could start the audit much earlier than others.

Valery Leushin

Valery Leushin

CTO

Jadu.ar

The complete Audit process from beginning to delivery was Smooth.

Arpit Toshniwal

Arpit Toshniwal

Project Manager

AssetMantle

The process was made quite simple by QuillAudits. The turnaround time was less which was favorable for us.

Kamlesh Parikarath

Kamlesh Parikarath

Product Manager

CryptoUnity

The team was very helpful at solving problems that they identified at reviewing our smart contract.

Sandi Špenko

Sandi Špenko

Founder

WalliD

Pretty fast process and good reporting.

Filipe Veiga

Filipe Veiga

Founder

Enedex

The auditing process was professional and on-time.

Pavuk

Pavuk

Team Member

The Centaurus.io

Very Knowledgeable, professionals, very smooth experience. Thank you for your professionalism.

Shaker Sangam

Shaker Sangam

Founder

UrDEX Finance

All great, quick response, high efficiency, high responsible team.

Son Pham

Son Pham

Founder

Zenland

Everything was top-notch. Its our first experience with audit agencies. Happy so far.

Dior Khasanov

Dior Khasanov

Founder

Tryvium Travels

Very skilled people, kind. Overall very good experience with QuillAudits.

Alessandro Sanino

Alessandro Sanino

CTO

Voltage Finance

Amazing service and attention to detail!

Voltage Finance

Voltage Finance

Team Member

AI Pepe

Our overall experience with QuillAudits was exceptionally positive. Their smart contract audit services demonstrated expertise, thoroughness, and clear, timely communication, instilling confidence in the security of our smart contract. They not only met deadlines but also delivered results promptly. We highly recommend QuillAudits as a trusted partner for smart contract security.

AI Pepe

AI Pepe

Team Member

Polygon DAO

QuillAudits provided security enhancements for Polygon projects, earning positive feedback for their prompt and high-quality service as an auditing partner.

Polygon DAO

Polygon DAO

CORE TEAM

DCOM

All great, quick response, high efficiency, high responsible team.

DCOM

DCOM

Team Member

Melodity

Got a smart contract audit for 10 contracts, spetted and helped solving multiple bugs.

Melodity

Melodity

Team Member

Archean Resources Pty Ltd

The service was extremely professional on time and budget. The staff are all well trained and know their tasks. Very satisfied.

Archean Resources Pty Ltd

Archean Resources Pty Ltd

Team Member

Advon LLC

It was just fantastic. Created a safe and secure contract audit.

Advon LLC

Advon LLC

Team Member

Stage4All

We had a great experience working with QuillAudits! Communication was perfect and they delivered on time! Besides working closely with our devs they also took the time to explain their findings to our management who dont have the same level of deep understanding about smart contracts.

Stage4All

Stage4All

Team Member

Redefined

Very responsive, fast and detailed audits by QuillAudits.

Redefined

Redefined

Team Member

Last Man Standing

They have been very helpful and cooperative with us, we cant thank them enough for giving us this opportunity :)

Last Man Standing

Last Man Standing

Team Member

Taisys Technologies

We have sent 6 smart contracts for auditing and experienced the quality auditing service from QuillAudits.

Taisys Technologies

Taisys Technologies

Team Member

MetaMerce

QuillAudits is always as expected fast, efficient, supportive.!

MetaMerce

MetaMerce

Team Member

SpaceFi

QuillAudits delivered the audit Fast with professional service.

SpaceFi

SpaceFi

Team Member

ArtSwap, LLC

QuillAudits services are Professional, timely, and cost-effective.

ArtSwap, LLC

ArtSwap, LLC

Team Member

Shamlatech

It was a Great experience getting our Audit done by QuillAudits.

Shamlatech

Shamlatech

Team Member

Crepe Inc

You are kind, smart and communicative, it was a pleasure to work with you.

Crepe Inc

Crepe Inc

Team Member

StrongHands

Guys are really fast and are hardworking to deliver the best experience.

StrongHands

StrongHands

Team Member

Ginoa

Fast & Clean.

Ginoa

Ginoa

Team Member

Mrweb Finance

The whole audit process was done within a desirable time frame. The team demonstrated a high level of professionalism in dealing with us.

Mrweb Finance

Mrweb Finance

Team Member

CrickDAO

It was super smooth and the whole process with QuillAudits was beyond the expectations. As a start-up we guys are looking for something genuine & QuillAudits is way ahead of our expectations.

CrickDAO

CrickDAO

Team Member

ChainCollection

Initially when we talked with Audit company they said they will deliver it on so and so day but it was delayed by 3-4 days. Reason behind this was complexity of our contract [5000+] which took longer for them and they did it with complete responsibility. Their recommendation also helped us a lot in later stage so I would recommend if any of my friends looking for Audit.

ChainCollection

ChainCollection

Team Member

Bitsliced

Fast, professional, and always a quick response.

Bitsliced

Bitsliced

Team Member

Cronospad Technology Limited

It was really smooth. Team at QuillAudits cooperated and helped us know the vulnerabilities in our smart code and also suggested possible ways to fix. Excellent support during the process.

Cronospad Technology Limited

Cronospad Technology Limited

Team Member

CrazySnake

QuillAudits is a professional and attentive auditing firm.

CrazySnake

CrazySnake

Team Member

Carpe Diem Savings

It felt like the auditing team was available within a short timeframe, which was excellent. The auditing process looked thorough, and I really appreciate the fact that you took time to investigate GAS optimizations. However, some issues found were a bit far-fetched and in were not about the security.

Carpe Diem Savings

Carpe Diem Savings

Team Member

PlayTrade Win

Service from QuillAudits was Smooth as silk.

PlayTrade Win

PlayTrade Win

Team Member

NEWSLETTER

Security First Newsletter by QuillAudits

DeFi & NFT Hacks, CTFs, and Blockchain Security Insights Straight to your Inbox. Explore our weekly newsletter: HashingBits. Stay updated on everything we’re publishing. Stand a step ahead.

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