Immunefi, Path of Bits, and Solana Basis Unveil The Rekt Check

• Immunefi, Path of Bits, and Solana Basis launch ‘The Rekt Check’.
• Customers and traders acquire precious insights by means of The ‘Rekt Check’ to judge challenge safety earlier than engagement.
• Web3 specialists collaborate to create a vital normal to safeguard in opposition to 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 keep a minimal stage of safety efficiency.

In line with the small print from the press launch, the Rekt Check is an intensive safety evaluation instrument, providing a structured questionnaire to information web3 initiatives in evaluating their safety measures. Particulars reveal that the analysis covers seven essential safety facets: system documentation and roles, key administration and entry management, incident response and disaster administration, workforce and personnel safety, code safety and testing, and others.

The press launch additionally talked about that by finishing the Rekt Check, customers and traders acquire precious insights into the challenge’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 in opposition to potential threats posed by attackers looking for to take advantage of code vulnerabilities, non-public key thefts, and social engineering ways.

The event of the Rekt Check was carried out by a workforce of web3 safety specialists, comprising notable people corresponding 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 challenge additionally advantages from collaboration with Fireblocks and Ribbit Capital.

“The Rekt Check is a vital normal for making certain that web3 initiatives are working at a minimal baseline of safety efficiency,” stated Mitchell Amador, underscoring the significance of proactive safety measures in stopping pointless losses attributable to non-public 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 house was valued at over $934 billion in 2022. This particularly attracted hackers, who discovered it profitable to take advantage of numerous protocols.