February 16, 2023
Beosin deepens its strategic partnership with BNB Chain and becomes a security auditor partner
Beosin, a leading global blockchain security firm, announced that it has become a security auditor partner for BNB Chain Kickstart. It is a further cooperation between Beosin and AvengerDAO which is a collaboration of Web3’s leading security firms to protect ecological projects on BNB Chain after they entered into a strategic security partnership.
BNB Chain Kickstart Program aims to support developers to build their projects with help of top VCs and a starter pack of tools from different key categories. In the blockchain security category, Beosin will offer "All-in-one" Web3 security solution to developers and BNB Chain ecosystem. The details are as follows.
1. At most 35% discount on smart contract audit
As a professional smart contract auditor, Beosin has already audited more than 3000 smart contracts. In this cooperation, Beosin will offer all types of eligible BNB Chain ecosystem projects at most 35% discount on smart contract audit. With over 20 years of formal verification technology and strict security audit, Beosin will help project teams build the most complete security for their projects.
2. Beosin EagleEye service
Beosin EagleEye is a security monitor to detect the security risks of Web3 projects through on-chain and off-chain data analysis and sends customers real-time security warnings and blocks. It provides real-time alerts for subscribed users when it detects risky transactions like transactions of massive funds, flash loans, slippage, and change of administrative authority of a project team's account, which can prevent hacker attacks, frauds, rug pulls, etc. In this cooperation, Beosin EagleEye will offer at most 3 months of free real-time alert service to BNB Chain ecosystem projects which need to complete their audits first.
3. Security training sessions
According to Beosin Global Web3 Security Report, Vulnerability exploits saw the highest frequency and loss amount throughout the year. In 2022, $1,458 million was lost from vulnerability exploits in 87 attacks. The second highest loss was caused by social engineering and the third is private key compromise. From the amount of total loss and methods of each attack, the awareness of the security of project teams still needs to be improved. Project teams are required to ensure their smart contract security, store their private keys safely and operate their projects in compliance with regulations. In this cooperation, Beosin will offer at most 2 hours of customized compliance and internal management training to BNB Chain ecosystem projects.
4. Anti-phishing extension
In recent years, the number of phishing attacks has grown multiple times. Especially, an increase of fake links to Web3 projects caused a great loss of investors and builders. In this cooperation, Beosin will offer Beosin Alert extension to users of BNB Chain ecosystem projects for free for at most 3 months. Beosin will update the data of phishing websites and fake social media accounts to help users avoid scams in Web3.
5. Crypto tracing service
If users' crypto assets are stolen, Beosin will provide stolen cryptocurrency tracing service for users of BNB Chain ecosystem projects for at most 6 months. Beosin will monitor the addresses of hackers and help investigate more information about hackers.
This partnership for BNB Chain Kickstart is another deep cooperation between Beosin and AvengerDAO after Beosin has completed security audits of BNB Chain ecosystem projects such as PancakeSwap. Through this cooperation, Beosin and AvengerDAO aim to achieve further development of business and guard the security and trust of blockchain ecosystem together. Now many projects on BNB Chain have used Beosin EagleEye service which provides them with 24/7 blockchain security monitoring and risk alerts.
Beosin is a leading global blockchain security company co-founded by several professors from world-renowned universities and there are 40+ PhDs in the team. It has offices in Singapore, Hong Kong, Korea, Japan and other 10+ regions. With the mission of "Securing Blockchain Ecosystem", Beosin provides "All-in-One" blockchain security solutions covering Smart Contract Audit, Risk Monitoring & Alert, KYT/AML, and Crypto Tracing. Beosin has already audited more than 3000 smart contracts including famous Web3 projects PancakeSwap, Uniswap, DAI, OKSwap and all of them are monitored by Beosin EagleEye. Beosin provides blockchain coding education courses to universities in Singapore, Hong Kong, Malaysia and the US.
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