How Chainsulting Is Securing the DeFi Industry via Smart Contract Auditing

Press Release • December 17, 2021

The rise of blockchain technology has opened the curtains for new opportunities, including decentralized finance (DeFi) applications governed by smart contracts. These protocols leverage decentralized networks and cutting-edge tech to bring innovative financial services to the masses.



By eliminating middlemen such as banks, DeFi projects bring lucrative earning opportunities and enable anyone to participate in traditional financial activities. These platforms provide for example, decentralized lending/borrowing access that benefits millions of unbanked folks worldwide.


Moreover, investors seeking huge returns find the DeFi sector very attractive, as it offers high-interest rate savings unmatched by traditional financial institutions. 


Unfortunately, the colossal total volume locked (TVL) in DeFi has brought several security concerns. Users have lost billions of dollars to cybercriminals targeting various platforms, spooking potential investors looking to jump onto the DeFi bandwagon. 


Part of the problem facing the fast-growing DeFi industry is that it lacks top-quality smart contract checks that could prevent cybercriminals from exploiting vulnerabilities on popular protocols.


As a result, cybercriminals have had great success targeting DeFi applications and siphoning billions in crypto funds to their private wallets.


A Look at Recent DeFi Hacks

DeFi gained traction in the summer of 2020, offering revolutionary lending products and huge returns but eliminating any involvement from intermediaries.


Since then, growth in the sector has taken place at lightning speed, with TVL in various protocols now surpassing $90B, per data from DeFiPulse. There are currently over 200 projects utilizing the blockchain and smart contracts to offer users unparalleled financial services.


However, success in this exciting and fast-moving sector has attracted bad actors looking to infiltrate DeFi code and siphon investor funds.


One of the most notable DeFi attacks dubbed the 'biggest crypto heist' ever took place on November 19, 2021. Hackers exploited a loophole in Poly Network and stole $600M in digital assets.


More recently, in December of 2021, malicious actors struck again, targeting the popular DeFi protocol BadgerDAO. In this incident, hackers made off with over $120M in crypto, prompting Chainalysis to investigate the breach along with financial watchdogs from the US and Canada.


Unfortunately, these are not isolated smart contract breaches. As recently reported by CryptoSec, overall losses caused by DeFi exploits have amounted to $1.7 billion, with 75 protocols succumbing to the menacing threat of cybercrime.


Chainsulting Brings Excellent Security Solutions to DeFi

Chainsulting is a professional software development firm based in Germany that provides comprehensive distributed ledger technology (DLT) solutions. Some of their services include blockchain development, smart contract audits, and consulting.


One of the firm's main goals is to develop tools and provide services to ensure every blockchain project is secure. They are determined to tackle the issue of continuous DeFi exploits that threatens to deter potential investors from putting their hard-earned cash into the blockchain and crypto economy.


So far, the lack of proper smart contract audits has seen multiple DeFi protocols fall victim to devastating hacks that have led to heavy losses. Per a report by blockchain tracing and security firm Ciphertrace, last year was overrun by numerous DeFi attacks that accounted for half of all the hacking incidents in the crypto world.


Chainsulting seeks to root out bugs and other vulnerabilities used by insidious cybercriminals to infiltrate DeFi applications. They have a proven track record of delivering customized security solutions with German technology that empower multiple DeFi and blockchain projects to maintain investor trust and gain a competitive advantage in the sector.


The firm conducts code audits for market-leading blockchains such as Hyperledger, Tezos, Ethereum, Binance Smart Chain, and EOS to mitigate risk and instill trust and transparency into the vibrant crypto community. They also review and secure the smart contracts of DAI, 1Inch, POA Network, Unicrypt, among numerous other top DeFi and crypto projects.


Chainsulting currently secures $100 billion in user funds locked in multiple DeFi protocols. The team behind the leading audit firm relies on their robust technical know-how in the blockchain sector to deliver top-notch smart contract audit solutions tailored to the clients' evolving business needs.


The blockchain security provider brings the highest security standards to crypto and blockchain platforms, helping to foster growth and transparency within the fast-growing ecosystem.


The Chainsulting Smart Contract Audit Process

Chainsulting boasts over four years of experience in smart contract audit and has delivered reliable security solutions to more than 420 clients.


The company’s audit team composed of Germany's top blockchain and digital assets experts leverages its domain-specific expertise to conduct smart contract audit tactics that differ from those deployed by other audit firms. 


A code review by Chainsulting includes an Automated Vulnerability Test (HoneyBadger, MythX, Mythril, Oyente, Slither, Solhint) and thorough Manual Security Testing (SWC-Registry, Overflow, etc.). The auditing process also integrates a Gas Optimization and Coding Conventions Check, as well as thorough Function and Logic testing.


The blockchain security startup uses a real-time communication tool to connect with the project dev team and provide suggestions on how to remedy bugs and inefficiencies discovered during the audit process. The team also offers assistance to the token developers in applying the necessary fixes. 


They then deliver a comprehensive report documenting the audit steps and recommendations. Finally, Chainsulting provides a Certificate of Compliance that reassures all DeFi users that the project is fully vetted and safe. 


The leading blockchain auditor has done many notable audits for some of the most prominent crypto projects in existence. The team posts transparent audit results on their social media, GitHub, and Website, confirming that a given project's code is fully secure and ready to go live. 


Conclusion 

Over the past few months, a spate of high-profile DeFi hacks has led some to refer to the young sector as the ‘Wild West’ of cryptocurrencies.


This year has seen some of the biggest crypto thefts in history. Increasingly sophisticated heists on dozens of top DeFi protocols highlight the need for project backers to adopt higher security standards to protect the integrity of the entire blockchain industry.


Chainsulting has introduced an intuitive smart contract auditing process that integrates elaborate steps to ensure 100% test coverage on all DeFi projects. This radical approach helps these decentralized protocols conquer the investors' trust, propelling the nascent crypto space to greater heights.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

SX Bet Bets Big on Berachain: Bringing Web3 Sports Betting to Bera

By Press Release • May 29, 2025
SX Bet has officially launched on Berachain, marking the next milestone in its cross-chain expansion strategy. With over 2 million bets placed, $675 million wagered, and 93% year-over-year growth in volume, SX Bet is reshaping the future of sports betting — and Berachain is the next big stage.  SX Bet’s Berachain launch comes with a unique incentive structure designed to reward bettors for their activity. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked to the SX Vault on BeraHub to generate weekly yields in $BGT, Berachain’s governance token. The more you win, the more you earn. SX Bet will be hosting a summer Berachain betting tournament with a 69,420 bet credit prize pool from May 31 - July 14th and airdropping bet credits to top Berachain communities. But the Berachain deployment is not just about incentives. It’s about creating a scalable global liquidity hub for bettors and builders alike. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences. “SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem,” said Andrew Young, SX Bet Project Lead. The cross-chain architecture enables shared liquidity across multiple blockchains, allowing users to place bets on their preferred chain without sacrificing odds or depth. Already the top sports betting dApp by volume on Arbitrum, SX Bet has achieved sustained growth without relying on ongoing incentives — proving that sharp odds, fast UX, and a product-first approach win. Bettors choose SX for its peer-to-peer, non-custodial, on-chain model — a platform with the best odds, deepest liquidity, and a clear message: winners are welcome. SX Bet is setting the standard for scalable sports betting infrastructure in Web3. For bettors: more rewards, deeper liquidity, and better odds. For builders: a plug-and-play liquidity engine to leverage and build upon. For chains: a sticky, high-volume dApp proven to drive user growth and retention. Start betting and earning on Berachain today: bera.bet About SX Bet: SX Bet is the fastest-growing on-chain betting exchange—built for the future of sports and crypto. All bets are peer-to-peer, the platform is non-custodial, and all bets are on-chain —offering a secure, trustless, and transparent betting experience. Built on the SX Network and now live on Arbitrum and Berachain, SX Bet is cementing its position as the global liquidity hub for sports betting. Learn more at sx.bet . SX bet is not available in the United States or other restricted regions. Media contact: business@sx.bet

Europe uses blockchain: launches free cloud mining settlement service for Bitcoin, Dogecoin, and Litecoin

By press release • May 28, 2025
As the global cryptocurrency industry matures, Europe is accelerating its move towards a new economic model dominated by blockchain. Recently, a multi-national European technology alliance jointly announced that it will officially launch a blockchain-based ultra-large-scale cloud mining settlement service, aiming to open up the entire process of cloud mining resources, transparent income distribution and cross-border contract settlement. This revolutionary system will be technically supported by the leading encryption technology platform BlockchainCloudMining , marking the deep integration of decentralized finance (DeFi) and high-performance computing power infrastructure. The entire system is built on blockchain smart contracts. Every income distribution and the operating status of each device can be recorded on the chain in real time. Users only need to log in to the platform to view daily computing power income, contract progress and mining asset settlement status. The platform promises "zero delay and zero black box". All settlements will rely entirely on on-chain verification to eliminate the risk of human manipulation. How to use blockchain cloud computing power to easily earn daily income? Step 1: Register an account Registering as a Blockchain Cloud Mining user will receive a $12 bonus, which can be used to purchase a $12 contract, with a daily income of $0.6. This plan provides new users with a free experience of cloud mining without any financial risk. Step 2: Choose Blockchain Cloud Mining Contract In addition to the $12 contract, there are multiple contracts that can be purchased at the same time. Each contract has a fixed income, and you can get more income after purchasing. As follows: ⦁ [New User Experience Contract]: Investment amount: $100, contract period 2 days, potential total income: $100 + $6. ⦁ [WhatsMiner M66S]: Investment amount: $500, contract period 7 days, potential total income: $500 + $40.25. ⦁ [WhatsMiner M60]: Investment amount: $1000, contract period 14 days, potential total income: $1000 + $168. ⦁ [Bitcoin Miner S21 XP Imm]: Investment amount: $5000, contract period 32 days, potential total income: $5000 + $2048. ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 45 days, potential total income: $10,000 + $6,075. (The platform has launched a variety of stable income contracts, for more contract details, please log in to the official website Blockchaincloudmining.com BlockchaincloudMining advantages and features: Registration bonus: Register and get a $12 bonus immediately. No additional fees: transparent pricing, no hidden service fees or management fees. Cryptocurrency support: Provides trading of multiple cryptocurrencies such as USDT-TRC20, USDT-ERC20, BTC, ETH, LTC, USDC, BCH, SOL, DOGE, XRP, etc. Referral program: Earn up to $50,000 through the affiliate program by referring new users. Support and uptime: 100% Uptime commitment, 24/7 customer support and real-time settlement of earnings Conclusion: Blockchain + European regulation, reshaping the future of cloud mining The core value of "decentralization" is taking root in Europe, and BlockchainCloudMining is standing at the starting point of this new era. With Europe's advantages in policy support, data compliance, and energy structure, coupled with its own years of platform experience and technical accumulation, BlockchainCloudMining will lead the global cloud mining from "barbaric development" to "institutional drive", and start a truly future-oriented blockchain computing power revolution. If you are also optimistic about the future of digital assets such as Bitcoin and DOGE, and are looking for a new investment method with low threshold, high transparency, and automatic income, then now is the best time to join BlockchainCloudMining. Click with your fingertips and hold the key to the next digital wealth cycle. For more information about BlockchainCloudMining, please visit the official website: blockchaincloudmining.com or contact the company email: info@blockchaincloudmining 

VEEPEEN Launches with Viral Momentum, Crosses 3,000 Holders Amid VEEPEEN Meme Surge

By press release • May 28, 2025
The crypto world has a new viral disruptor: $VPN, a memecoin with a name that turns heads and a strategy that turns momentum into community. Unlike traditional VPNs (“Virtual Private Networks”), this VPN stands for Vagina Penis Network. The result is a meme-powered project that blends internet culture, social irreverence, and ironic utility into one fast-growing token. Now crossing 3,000 holders and expanding rapidly, $VPN captures the chaotic spirit of the internet. The team is openly tapping into the most viral meta of 2025: anatomy meets anonymity. This alignment has sparked a wave of “VEEPEEN” memes that now fuel much of the project’s viral energy. A Meme That Understands the Internet At its core, $VPN is a double entendre. It hijacks the acronym most associated with encrypted browsing and redefines it through the lens of raw, meme-ready branding. It is this intentional contrast (between data protection and digital depravity) that has made $VPN impossible to ignore. $VPN stands out for its cultural awareness and total commitment to internet-native humor. Gaining Traction and Market Attention Despite its absurd premise, $VPN is showing real momentum. Backed by high-engagement KOLs and degen communities, the token has evolved from a joke into a serious contender. Early buyers are aligning not just with a token but with a brand that openly challenges crypto’s tendency toward sameness. With viral growth, mounting attention, and talk of future listings, there’s a lot of hype around VPN. In fact, people in the space now cite $VPN as a potential $100 million market cap breakout. Built for the Post-Ironic Web3 Era The project’s tagline (“The only protection you need”) sums up its self-aware design. While traditional VPNs offer encrypted access and privacy, this $VPN offers something more abstract: a mirror to how crypto, memes, and culture collide in 2025. The VPN team is working to go beyond the mere memecoin definition. In fact, this project is more of a commentary wrapped in community. The idea is powered by people who understand that the internet rewards contradiction and commits to the bit. About VPN VPN (Vagina Penis Network) is a community-driven memecoin launched as a provocative fusion of privacy culture and viral internet branding. By reinterpreting the acronym VPN, the project builds its identity on contrast, chaos, and cultural resonance. With over 3,000 holders and rapid growth, $VPN has positioned itself as a standout token in the Web3 memecoin space. It is not a protocol; it is a performance. A decentralized brand for those who understand the power of memes, meta, and momentum. The project’s meme culture continues to expand across platforms, driven in part by the growing popularity of the “VEEPEEN” meme trend. Anyone curious to learn more about this project can check out the founder's official announcement and VPN's DexScreener page below. Website | X (Twitter) Official Announcement | $VPN on DexScreener 

AGFI Token to Launch on Bitbulls Exchange on 2nd June, 2025 at 09:30 AM UTC

By Press Release • May 26, 2025
Agrifi, a trailblazer in blockchain-powered agricultural solutions, is proud to announce the official listing of its native utility token, AGFI, on Bitbulls Exchange. Trading will commence on 2nd June, 2025, at 09:30 AM UTC , with the trading pair AGFI/USDT. Deposits and withdrawals will also be enabled at the same time. This significant milestone brings AGFI to a broader global audience, giving users the opportunity to participate in a revolutionary ecosystem where blockchain, AI, and IoT converge to power smart agriculture.  AGFI: Powering the Future of Agriculture AGFI is more than just a token—it’s the fuel behind the Agrifi platform, which empowers farmers, agri-businesses, and consumers with transparency, automation, and real-time data across the agricultural value chain. From farm to fork, every transaction and data point is immutably recorded on-chain. With AGFI, users can: Access premium AgriFi platform features Participate in blockchain-verified supply chains Stake tokens for rewards and ecosystem governance Facilitate secure, transparent agri-financial transactions Why Bitbulls Exchange? Known for its robust security, advanced trading tools, and user-centric design, Bitbulls Exchange is the ideal platform for AGFI’s trading debut. Bitbulls adheres to global compliance standards, ensuring a safe, intuitive, and scalable trading experience for new and seasoned investors alike. “The listing of AGFI on Bitbulls is a defining moment for the Agrifi ecosystem,” said an Agrifi spokesperson. “It opens doors for global participation in a token economy that’s transforming agriculture as we know it.” “We are thrilled to host AGFI’s listing,” added the Bitbulls Exchange team. “It represents the kind of real-world use case that blockchain needs to scale mainstream adoption.” Launch Details: Token Symbol: AGFI Trading Pair: AGFI/USDT Launch Date: 2nd June , 2025 Launch Time: 09:30 AM UTC Exchange: Bitbulls Exchange Stay Connected: Facebook: https://www.facebook.com/agrifiofficial Instagram: https://www.instagram.com/agrifi_official/ Twitter: https://x.com/Agrifi_official Telegram: https://t.me/bitbulls_exchange Website: agrifi.tech | https://bitbulls.exchange/
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