Tigran Gambaryan, vice president of Global Intelligence and Investigations, said, Binance Security team will support the project owners to improve and enhance any vulnerabilities that may have arisen as a result of the audit. Binance will provide real-time security incident assistance to the listed and listing project teams. Furthermore, with the increased standards of security for projects, we believe that the industry will get healthier, which will allow for greater mass adoption in the near future.”Īudit results will be shared with the audited projects for improvements. Investing without proper knowledge and enough research is risky, but through Project Shield, we believe that Binance can be one of the first hurdles that projects have to overcome before they approach users. “With the increased interest in the market and the profitability of crypto investments, the number of people ‘apeing’ has increased. By the end of 2021, CertiK and PeckShield have audited approximately 150 project tokens.Ĭhangpeng Zhao (CZ), founder and CEO of Binance, said, Other efforts include Binance’s security research and investigations program and user-accessible security tools.īinance is collaborating with CertiK and PeckShield to review project tokens that get listed on Binance centralized exchange – including those listed on the Innovation Zone – to protect users by providing a thorough security audit. Project Shield is part of Binance’s ongoing efforts to protect users and provide access to secure projects, which include a thorough evaluation of potential projects against strict security, legal and regulatory compliance standards, as well as ongoing performance reviews for listed projects. Fees for audits are covered by Binance, and this is the first time that a crypto exchange applied this kind of protection. ![]() ![]() Project Shield is part of Binance’s ongoing efforts to protect users and provide access to secure projects.īinance, the world’s leading blockchain ecosystem, has introduced a new layer of user protection with the implementation of ‘Project Shield.’ BEP-20 and ERC-20 based projects listed on the Binance centralized exchange are audited in Project Shield.
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