Quantstamp completes OMG Network security audit

In Blog, News, OMG Network by OMG Network

We’re happy to announce that Quantstamp has completed the security audit of the OMG Network’s More Viable Plasma (More VP). This is the second time they’ve audited us: our first audit with them took place in Nov 2018 in which their security engineers reviewed More VP’s predecessor, Minimum Viable Plasma. 

The Quantstamp team aimed to answer the following questions during their security review:   

  • Can a malicious user compromise funds from OMG Network users?
  • Can a malicious user disrupt a users ability to deposit, withdraw, or perform transactions on the OMG Network?
  • Can users safely exit their funds in the presence of a malicious owner?
  • How can the existing code be improved?

They found medium- and low- severity security issues and made several code quality improvements recommendations during the initial review phase. All of the relevant security issues have been addressed in the plasma contracts. The full report will be shared with the public in the near future.

About Quantstamp

Quantstamp is a Y Combinator-backed company building the standard in blockchain cybersecurity.  With a team of security experts dedicated to securing decentralized systems, Quantstamp is enabling a future of safer and more reliable blockchain applications and helping enterprise companies deploy blockchain solutions with a security-first mindset.