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Articles

Analysis and writing from our security researchers.

Audit methodology

Hive: human-led audits with adversarial AI

How our proprietary multi-model AI harness combines independent discovery, adversarial validation, and threat corpora to reduce noise, with senior human review in every audit.

Web3 Security Report

The audit gap, updated: Q3 2026 was the costliest quarter since Bybit, and the money came out of the supply chain

Our Web3 security dataset now runs through 30 September 2026: 27,312 audit findings, 257 incidents, US$9.69B in losses. Q3 brought US$1.07B in losses, half of it through two supply-chain compromises.

Web3 Security Report

The audit gap, updated: Q2 2026 joins four years of data, and the quiet quarter ends

Our Web3 security dataset now runs through 30 June 2026: 25,706 audit findings, 237 incidents, US$8.62B in losses. Q1 looked like a rotation in attacker behaviour. Q2 ended that theory.

TRACE

The TRACE paper is out

Our threat modelling methodology, written up as a paper: why perimeter-era methods miss the failures that actually happen, and what TRACE does instead.

Operational security

Most Web3 losses don't start in the code

A perfectly audited contract won't help you if the deployer key leaks. Here's what an operational security review actually looks at.

Research

The State of Web3 Security 2022 – Q1 2026: six key findings

What 23,818 audit findings and 218 exploit incidents tell us about where Web3 actually loses money.

TRACE

Introducing TRACE: threat modelling without a perimeter

Why we built our own threat modelling methodology, what the five model objects are, and why it works beyond Web3.

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