PerpDex - K-BIT

1. Introduction

K-BIT engaged our security analysis team to conduct a comprehensive security audit of their smart contract ecosystem. The primary aim was to meticulously assess the security architecture of the smart contracts to pinpoint vulnerabilities, evaluate existing security protocols, and offer actionable insights to bolster security and operational efficacy of their smart contract framework. Our assessment was strictly confined to the smart contracts provided, ensuring a focused and exhaustive analysis of their security features.

2. Assessment Summary

Our engagement with K-BIT spanned a 1-week period, during which we dedicated one full-time security engineer equipped with extensive experience in blockchain security, advanced penetration testing capabilities, and profound knowledge of various blockchain protocols. The objectives of this assessment were to:

- Verify the correct functionality of smart contract operations.

- Identify potential security vulnerabilities within the smart contracts.

- Provide recommendations to enhance the security and efficiency of the smart contracts.