How a European Crypto Exchange Secured Their Token Contract with a Fast, Affordable Audit
Challenge
Launching an exchange token carries significant reputational risk. Any vulnerability in the token contract could lead to exploits, loss of user funds, and irreparable damage to user trust. CoinGarage needed a thorough security review—but traditional audit firms were quoting high prices and lengthy timelines.
Solution
AuditBase delivered a complete token contract analysis including access control review, ERC20 compliance verification, AI-powered vulnerability detection, and detailed documentation—quickly and at a fair price point.
“AuditBase delivered exactly what we needed—a quick, thorough security review at a fair price. Finding zero vulnerabilities gave us confidence, and the two risk factors they identified came with detailed agent reasoning and proof of concepts that made them easy to understand. When subsequent reviews confirmed their findings, we knew we'd chosen the right partner.”
Ota Janda
Founder, CoinGarage
The Client
CoinGarage is a European cryptocurrency exchange platform headquartered in the Czech Republic. The exchange provides secure trading services for digital assets, serving users across Europe with a focus on regulatory compliance and user protection.
As part of their commitment to security and transparency, CoinGarage was preparing to launch their native token and needed assurance that their smart contract was secure before deployment.
What We Did
- Complete token contract analysis examining all token mechanics, transfer logic, and state management for potential vulnerabilities
- Access control review validating owner privileges, minting capabilities, and administrative functions against best practices
- ERC20 compliance verification ensuring full compatibility with wallets, DEXs, and other protocols
- AI-powered vulnerability detection scanning for common attack vectors including reentrancy, overflow, and front-running risks
- Detailed documentation for each finding including agent thought process, proof of concepts, and remediation guidance
What We Found
Our audit returned a clean result: zero vulnerabilities in the CoinGarage token contract. The team's code was solid, with proper access controls, safe arithmetic operations, and correct ERC20 implementation.
We did identify two risk factors—not exploitable vulnerabilities, but areas worth documenting for transparency:
RISK FACTOR — Centralized Minting Capability The contract owner retains minting privileges. While this is common and often necessary for token economics, we documented this for transparency so users understand the trust model.
RISK FACTOR — Transfer Pause Mechanism The contract includes an emergency pause function. This is a standard security feature but represents centralized control. We documented the conditions under which it could be triggered.
CoinGarage's token contract underwent additional security reviews after our audit. These subsequent reviews confirmed our findings—validating both the absence of vulnerabilities and the risk factors we documented.
The Result
CoinGarage launched their token with confidence, knowing their contract was secure. The transparent documentation of risk factors—complete with agent reasoning and proofs of concept—gave their team and users clear visibility into the token's trust model.