An audit program in cryptocurrency refers to a structured approach used to evaluate the performance, security, and compliance of a cryptocurrency project or blockchain system. This program typically includes a set of processes and procedures designed to assess various aspects of the project, including smart contracts, token issuance, and governance mechanisms.The primary goal is to identify risks and vulnerabilities that could lead to financial loss or legal issues. Auditors analyze the code for potential bugs, review transaction flows, and evaluate security practices to ensure that the system functions as intended.Additionally, audit programs often involve examining the project’s adherence to regulatory standards and best practices. After the evaluation, auditors provide a report outlining their findings, including any weaknesses and recommendations for improvement. Conducting a thorough audit is crucial for building trust with users and investors, as it helps ensure the integrity and reliability of the project. Regular audits also contribute to the overall health and sustainability of the cryptocurrency ecosystem.
Tether Settles $299.5 Million Claim With Celsius Bankruptcy Estate
Tether has paid $299.5 million to the Celsius Network bankruptcy estate, resolving a legal dispute that stemmed from the cryptocurrency lender’s