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Overview
Veridise is a blockchain security company combining manual audits with automated program analysis and formal verification. Spun out of university research, it specialises in zero-knowledge circuits as well as conventional smart contracts. The company also publishes tooling for detecting circuit under-constraint bugs.
News
Reentrancy in Reward Accounting: How $27M Was Paid Out on a Deposit
Reentrancy in Reward Accounting: How $27M Was Paid Out on a DepositThe Auditor's Take is a weekly series by Jon Stephens, CEO of Veridise. This one is about a reentrancy bug, and about what a reward calculation measures when it subtracts two balances. The
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Veridise Audits the Strategy Contracts Behind Lombard's Bitcoin Vaults
Veridise Audits the Strategy Contracts Behind Lombard's Bitcoin VaultsLombard has launched an on-chain vault system where risk curators and asset managers offer Bitcoin yield products to users through a single vault deposit. Veridise audited the smart con
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ZK Circuit Equivalence Checking: Introducing LLEQ
ZK Circuit Equivalence Checking: Introducing LLEQEvery ZK circuit is written twice. The witness generator evaluates the computation and assigns concrete values to the circuit's signals, and the constraints are polynomial equations that decide whether a gi
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Constant Product Manipulation: When a Token Breaks the Pool It Was Built For
Constant Product Manipulation: When a Token Breaks the Pool It Was Built ForThe Auditor's Take is a weekly series by Jon Stephens, CEO of Veridise. This article is about a class of bug where a token's own transfer logic breaks an invariant of the protocol
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Mina Multisig Audit: Veridise Reviews FROST Signing
Mina Multisig Audit: Veridise Reviews FROST SigningMina Multisig lets Mina and ecosystem projects operate through a threshold signature instead of a single key, adapting the FROST protocol to Mina's Pallas curve and Poseidon hashing. Veridise completed a
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Low-Level Call Hijacking: How a Trusted Router Call Cost $3.5M
Low-Level Call Hijacking: How a Trusted Router Call Cost $3.5MThe Auditor's Take is a weekly series by Jon Stephens, CEO of Veridise. This one is about privileged contracts that forward caller-supplied data straight into a low-level call, and how a senior
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Insolvency Vulnerability: The Euler Finance $197M Exploit
Insolvency Vulnerability: The Euler Finance $197M ExploitThe Auditor's Take is a weekly series by Jon Stephens, CEO of Veridise. This article is about a solvency invariant that was correctly enforced until a later upgrade, an upgrade that was itself audit
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Flash Loan Governance Attacks: How Borrowed Voting Power Drains a Protocol
Flash Loan Governance Attacks: How Borrowed Voting Power Drains a ProtocolThe Auditor's Take is a weekly series by Jon Stephens, CEO of Veridise. This week's edition looks at how governance systems that measure voting power instantaneously, rather than fr
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Bridge Misconfiguration Vulnerabilities: How One Zero Value Cost $190M
Bridge Misconfiguration Vulnerabilities: How One Zero Value Cost $190MThe Auditor's Take is a weekly series by Jon Stephens, CEO of Veridise. This one is about configuration bugs that live in a value set at deployment rather than in the code itself, and h
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Proving the Absence of Soundness Bugs in ZKsync Airbender
Proving the Absence of Soundness Bugs in ZKsync AirbenderMatter Labs engaged Veridise for a tooling-focused security assessment of ZKsync Airbender, the STARK-based RISC-V zkVM that proves execution for the ZKsync ecosystem, ahead of its V2 prover upgrade
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