Audit Company
ImmuneBytes
ImmuneBytes was established in 2020, driven by the goal to halt the activities of malicious entities that drain funds. The company enhances blockchain security through a comprehensive suite of smart contract audit services, ensuring that Web3 projects become impervious entities on the blockchain.
DSA presents a unique series of reports on the smart contract and blockchain app auditor market. This report is published for the first time and is not affiliated with any specific vendor. The DSA expert team has performed an in-depth analysis of the blockchain security providers in the market. For that, a methodology was developed, and specific criteria were selected. The data provided in the report are actual for February 2024.
Contents
The main criteria for auditor review
1
Trustworthiness
At this point, we analyze the team, key players, as well as the experience of the company in the field.
2
Media Presence
In this paragraph, we analyze the social networks of the project, the engagement rate, and media publications.
3
Speed and service
In this paragraph, we analyze the speed of the audit as well as the speed of the team's response to the request.
4
Expertise
At this point, we analyze the company's experience with different networks, technological advancements, as well as additional services.
5
Price
In this paragraph, we analyze prices and additional services (We send the same sample contract to every auditor), sales, promo offers, bonuses, discounts, and legal transparency.
6
Quality
In this paragraph, we analyze audit quality, report analysis, and user experience.
Categories and sub-categories
6 categories are present in the review and each may be divided into sub-categories. Each category is evaluated to receive from 1 to 10 points. The same rule applies to each sub-category and the arithmetic mean value of the sub-categories will become a result of the main category. The main result will be calculated in the same manner.
Trustworthiness
- Team members' separate experiences in the field
- Current team’s experience in the field
- Company experience (years of service, date of the first audit)
Media Presence
- Social media (engagement rate, further – ER)
- Media publications
Speed
- Audit speed
- First response speed (from a real person)
- Follow-up response speed
Expertise
- What blockchains does the company audit (rare chains and language get an additional point)
- Technological advancements (developments, tools, automated tools)
- Services (KYC, Incident research, marketing)
Price
- Prices and additional services (We send the same sample contract to every auditor)
- Sales, promo offers, bonuses, discounts
- Legal transparency
Quality
- Audit quality, report analysis
- User experience
Detailed analysis
6 categories are present in the review and each may be divided into sub-categories. Each category is evaluated to receive from 1 to 10 points. Same rule applies to each sub-category and the arithmetic mean value of the sub-categories will become a result of the main category. The main result will be calculated in the same manner.
Trustworthiness
Average score 8/10
1
Team members' separate experiences in the field
The leadership team consists of 3 people:
Aabhas Sood - Founder and CEO
Zaryab Afser - Lead Auditor
Naveen Rawat - Lead Security Researcher
All leadership members possess considerable experience of over 4 years in their respective fields.
Aabhas Sood - Founder and CEO
Zaryab Afser - Lead Auditor
Naveen Rawat - Lead Security Researcher
All leadership members possess considerable experience of over 4 years in their respective fields.
2
Current team’s experience in the field
On the company page on LinkedIn and the company webpage there is a list of 12 employees. The team includes technical specialists, as well as auditors, blockchain researchers, marketing and business development experts, writers, and designers.
3
Company experience (years of service, date of the first audit)
According to the company’s LinkedIn page, the company was founded in 2020. The first audit listed on GitHub was published on Oct 17, 2020. The overall number of performed audits is 95, according to the public repository (205+ according to LinkedIn and the web page).
Media presence
Average score 3/10
1
Social Media
There’s a low number of subscribers to the company’s X(ex-Twitter) account but the engagement rating is high compared to similar accounts. Measuring the exact engagement rating is unreasonable with such a low number of subscribers.
The company releases regular posts, mostly announcements about finished audits, as well as reviewing on-chain precedents and attacks, as well as conclusions based on on-chain data analyses.
In addition, the company has pages on Facebook, Medium, and a Telegram chat. However, because of the low number of subscribers, calculating ER/VR is not reasonable.
The company releases regular posts, mostly announcements about finished audits, as well as reviewing on-chain precedents and attacks, as well as conclusions based on on-chain data analyses.
In addition, the company has pages on Facebook, Medium, and a Telegram chat. However, because of the low number of subscribers, calculating ER/VR is not reasonable.
2
Media publications
Only one mention of the company was found in crypto media. It’s a CoinTelegraph article, in which it’s mentioned that the company is participating in WBSDubai.
Speed
Average score 8,17/10
1
Audit Speed
An audit takes approximately 2 weeks. This is an average length for a project of similar complexity for a similar company.
2
First response speed
After contacting the company via their Telegram chat, we received a response within 6 hours.
3
Follow-up response speed
The follow-up response was receive within 2 hours
Expertise
Average score 9/10
1
What blockchains does the company audit
The company works with various EVM and non-EVM chains and such languages as Solidity, Rust, Teal, Haskell.
2
Technological advancements
The company offers several tools developed by the team:
AlertBytes - A tool that gives push notifications when a transaction occurs on a watchlisted wallet or address.
BugBytes - A crowdsourced security platform for Web3 to build trust and mitigate risk by bringing together projects and the ethical hacking community.
ImmuneLite - A static analyzer designed to uncover vulnerabilities in EVM-compatible smart contracts.
AlertBytes - A tool that gives push notifications when a transaction occurs on a watchlisted wallet or address.
BugBytes - A crowdsourced security platform for Web3 to build trust and mitigate risk by bringing together projects and the ethical hacking community.
ImmuneLite - A static analyzer designed to uncover vulnerabilities in EVM-compatible smart contracts.
3
Services
Aside from smart contract audits, the company offers the following services:
Blockchain Security Services
Penetration Testing
Web 3 Security Consulting
Digital Asset Security
Blockchain Security Services
Penetration Testing
Web 3 Security Consulting
Digital Asset Security
Prices and additional services
Average score 6,33/10
1
Audit prices, affordability
The price for the test audit is 9500$, it’s an average price for the expected amount of work.
2
Sales, promo offers, bonuses, discounts
During communication with the company no discounts were offered. After the audit is completed, the team posts an announcement on its social media.On demand, the company may hold an AMA on X and promote the project in their community.
3
Legal transparency
The company accepts payments in stablecoins and fiat via PayPal
Quality
Average score 10/10
1
Audit quality, report analysis
- Issue description (thoroughness, code examples): YES
- Project description and contracts (what do they do): YES
- Conclusions (automatically generated vs written by specialists): YES
- Recommendations: YES
- Quality of findings (a large number of automatically generated audits is a disadvantage): YES
2
User Experience
A quote can be requested only through a form on the website, there are no direct contacts available. This isn’t the most convenient way for potential clients who are looking for information before making a final decision.
Final Score
Considering the results presented in every category, the following points have been assigned:
8/10 Trustworthiness
3/10 Media presence
8,17/10 Speed
9/10 Expertise
6,33/10 Prices and additional services
10/10 Quality
The Final Score:
7,41/10
7,41/10
This is the analytic report in a series of reports on the smart contract and blockchain apps auditor market. Presented to you by DSA, it’s guaranteed impartial and factual information on the most well-known, new, and obscure players.
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