LiveCGI Marketplace Smart Contract Audit: Securing Blockchain Transactions
In the evolving blockchain landscape, security remains paramount for marketplace platforms. EtherAuthority recently conducted a thorough audit of the LiveCGI Marketplace smart contract, revealing critical insights that highlight the importance of professional security verification in decentralized applications.
Audit Methodology and Approach
We employed a multi-layered approach to assess the LiveCGI Marketplace contract, which features functions like initialize, cancel, transfer, simpleMatch, validate, and subFee. Our team utilized specialized tools including Slither, Solhint, and Remix IDE, complemented by manual code review to ensure no vulnerabilities escaped detection.
The contract inherits from established OpenZeppelin modules such as Initializable, OwnableUpgradeable, AddressUpgradeable, and various ERC standards. While these inherited components are generally considered secure through community testing, our focus remained on the custom implementation specific to LiveCGI.
Key Findings and Security Assessment
According to our standard assessment protocol, the LiveCGI smart contracts were classified as “Not Secured.” We identified 1 critical issue, 1 high-severity vulnerability, and 3 low-level concerns that required immediate attention.
The critical vulnerability involved unlimited token minting capabilities, allowing any user to potentially inflate token values without restrictions. The high-severity issue related to reentrancy risks, which could lead to unexpected contract behavior and possible fund manipulation.
Security Recommendations
To address these vulnerabilities, we advised implementing owner-only restrictions for sensitive functions and establishing maximum minting limits to align with proper tokenomics. For the high-severity issue, we recommended replacing unrestricted ‘.call’ methods with gas-limited alternatives to prevent potential exploitation.
Additionally, we noted that certain functions were restricted to admin access, creating centralization concerns. To enhance decentralization, we suggested renouncing ownership once essential functions are completed, thereby increasing trust in the platform’s operations.
Smart contract security requires vigilance at every development stage. Through EtherAuthority’s detailed audit process, LiveCGI Marketplace can implement crucial security improvements before deployment, protecting users and establishing the foundation for a trusted decentralized trading environment.
For a comprehensive security assessment of your blockchain project, contact EtherAuthority’s expert audit team today. contact@etherauthority.io
Audit Report in PDF: LiveCGI-MarketPlace Smart Contracts Security Audit Report
Discover more: Twitter | Website | GitHub | Telegram | Facebook | YouTube | Fiverr
