FYEO Partners with ICON to Perform Security Audit for ICON Bridge
FYEO is excited to announce that it will be conducting a security audit for ICON’s interoperability product ICON Bridge.
ICON is a Layer-1 blockchain developing the bridging technology Blockchain Transmission Protocol (BTP). Through BTP, ICON will serve as the hub for “trustless” transactions between any two blockchains with smart contract capabilities. This type of fully on-chain, agnostic bridging is groundbreaking for the blockchain space.
ICON Bridge is the first iteration of BTP, allowing users to bridge assets between members of the “BTP Network”. Beginning with a bridge between ICON and Binance Smart Chain, integrations with NEAR, Harmony, Moonbeam, and Ethereum will follow.
ICON Bridge establishes ICON’s footprint as an interoperability hub, allowing cross-chain token swaps as well as more generic messaging features like cross-chain smart contract calls.
The FYEO Process
FYEO will perform a code review for CMD/GO, Java and Solidity. The initial code review is expected to conclude at the end of October 2022. After which there will be a remediation period for code fixes, a re-review period and final report.
The audit processes provides ICON:
A better understanding of its security posture and helps them identify current and future risks in its deployed chain & contract infrastructure.
An opinion on what security measures are in place regarding maturity, adequacy, and efficiency.
Potential issues, including loss of funds scenarios, and include improvement recommendations based on the result of our assessment.
A better understanding of writing and maintaining more secure code. The incremental increase of security is part of the overall increased quality of the project.
FYEO’s Interactive Approach
We are not a drive through audit shop. A FYEO Audit is an interactive audit where your team receives updates in real-time throughout the duration of our line-by-line auditing process. This allows your team to learn from common mistakes made early on and prevent future exploits - saving you time, money and reputational risk.
FYEO is focused on solving the growing problem of cyber crime in Web3. FYEO’s code audit team is comprised of some of the best DeFi logic experts in the world having worked on 100s of projects and protocols such as Solana, NEAR, Ethereum and Algorand, as well as multiple NFT marketplaces. Its flagship products, FYEO Domain Intelligence, which provides real-time threat monitoring and intelligence for organizations, and FYEO Identity, a free decentralized password manager, were developed to provide unparalleled security and address present-day security issues impacting both organizations and individuals. Today, the FYEO team continues its work to identify and evolve its products to solve the biggest security problems facing Web3 ecosystems.
ICON Network is a layer-one blockchain focused on building a multichain bridging solution that is scalable, chain-agnostic, and secure. ICON is a hub that connects partner blockchains with all other blockchains integrated via BTP.
Blockchain Transmission Protocol (BTP) is ICON's main product and interoperability solution that supports cross-chain token swaps as well as more generic messaging features like cross-chain smart contract calls.