Audit Company
PeckShield
Founded in 2018, PeckShield is a leader in blockchain security, backed by a globally acclaimed team and strategic industry partnerships.
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 January 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 9/10
1
Team members' separate experiences in the field
The leadership team consists of 3 members.
Xuxian Jiang - Founder and CEO
Brian Huang - Co-Founder and BD Director
Before founding PeckShield, the СЕО Xuxian Jiang used to be the head research officer at Qihoo 360. Co-founder Brian Huang has experience at Adobe and other tech companies.
Xuxian Jiang - Founder and CEO
Brian Huang - Co-Founder and BD Director
Before founding PeckShield, the СЕО Xuxian Jiang used to be the head research officer at Qihoo 360. Co-founder Brian Huang has experience at Adobe and other tech companies.
2
Current team’s experience in the field
Aside from the key team members, the LinkedIn company page mentions 4 employees: technical, financial, and marketing specialists. The team is based in Guangzhou, Beijing, and San-Francisco and contains experienced security professionals and research officers from well-known companies such as Qihoo 360, Microsoft, Intel, Juniper, Alibaba, etc. Also, team members possess experience from companies such as Tensent, Nokia, MicroStrategy, 360, etc.
3
Company experience (years of service, date of the first audit)
According to the company’s LinkedIn page and the information from the website, the company was founded in 2018. The first audits in a public repository were added approximately 4 years ago. However, because of the large number of reviewed projects, it’s difficult to pinpoint the exact time of the first audit. If we consider the trust from the community that the company deserved, we can assume that the repository is regularly updated with the new reports and audit results.
Media presence
Average score 9,8/10
1
Social Media
In the main X (formerly Twitter) account, there’s a large number of subscribers. The engagement is also high compared to the accounts of similar companies. The posts are added regularly, they include announcements about new audits and partnerships, as well as informational posts and security news. There’s also a large number of announcements reviewing certain on-chain incidents.
There’s an alert account that has a large number of subscribers and a high engagement rating compared to similar accounts. Big blockchain and crypto projects are subscribed to both company accounts.
The company’s Telegram channel has a large number of subscribers, the chat is lively compared to similar accounts. In the chat, users share different cases and discuss incidents and precedents concerning security.
There’s an alert account that has a large number of subscribers and a high engagement rating compared to similar accounts. Big blockchain and crypto projects are subscribed to both company accounts.
The company’s Telegram channel has a large number of subscribers, the chat is lively compared to similar accounts. In the chat, users share different cases and discuss incidents and precedents concerning security.
2
Media publications
The company regularly publishes articles written by its representatives, and the project is often mentioned in leading online media, such as BeInCrypto, CryptoNews, Cointelegraph, DailyHodl, etc.
All data is actual at the time of compiling the report in January, 2024.
Social media and ER:
Twitter Main- 81,300 subscribers, ER 0.2%
Approximately the account receives:
127.8 likes per tweet
11.4 replies per tweet
48.8 retweets per tweet
Twitter PeckShieldAlert - 86,400 subscribers, ER 0.04%
24.4 likes per tweet
2.2 replies per tweet
5.4 retweets per tweet.
Telegram chat - 9,500 subscribers
Social media and ER:
Twitter Main- 81,300 subscribers, ER 0.2%
Approximately the account receives:
127.8 likes per tweet
11.4 replies per tweet
48.8 retweets per tweet
Twitter PeckShieldAlert - 86,400 subscribers, ER 0.04%
24.4 likes per tweet
2.2 replies per tweet
5.4 retweets per tweet.
Telegram chat - 9,500 subscribers
Speed
Average score 9,33/10
1
Audit Speed
An audit takes approximately 8 workdays, which is an average speed among similar companies. It’s a regular result for large and well-known companies in tier 1.
2
First response speed
After contacting the manager via Telegram, we have received a response within 1 hour.
3
Follow-up response speed
The manager responded within 5 minutes, and within 15, they provided a quote.
Expertise
Average score 10/10
1
What blockchains does the company audit
The company specializes in Solidity, Rust, Go, Move, and Vyper, which means they work in the majority of networks both EVM and non-EVM.
2
Technological advancements
The company offers the product called coinholmes - Enhancing AML compliance and detection of trading entities for cryptocurrency service providers and regulators.
Coinholmes provides the following services:
Criminal Investigation Agency
Crypto Exchanges & Wallets
Financial Institutions
KYT
Assets Tracking
Real-time Alert
The clients of the product include the largest exchanges, such as Binance, Huobi, etc.
Coinholmes provides the following services:
Criminal Investigation Agency
Crypto Exchanges & Wallets
Financial Institutions
KYT
Assets Tracking
Real-time Alert
The clients of the product include the largest exchanges, such as Binance, Huobi, etc.
3
Services
Aside from audit services, the company provides the following services:
Threat Monitoring and Prevention
Pen Test and Emergency Response
Consortium Blockchain Security Total Solutions
Bounty Program Operation Solutions
Customized Security Services
Threat Monitoring and Prevention
Pen Test and Emergency Response
Consortium Blockchain Security Total Solutions
Bounty Program Operation Solutions
Customized Security Services
Prices and additional services
Average score 5/10
1
Audit prices, affordability
The price for an audit of the test project is $18k. This price is higher than the prices requested by most similar companies.
2
Sales, promo offers, bonuses, discounts
No discounts were offered during our communication with the team. After the audit is completed, the auditor can like the client’s announcement post on-demand. However, no actions from the auditor are offered since the company’s account includes only alerts and technical analyses.
3
Legal transparency
The company accepts payments in USDT/USDC on ETH and BSC networks, as well as fiat.
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 via a form on the website or directly from the manager in Telegram. This is a very convenient option for potential clients, that doesn’t involve filling any forms. It provides an option of asking questions without committing to the company’s services right away.
Final Score
Considering the results presented in every category, the following points have been assigned:
9/10 Trustworthiness
9,8/10 Media presence
9,33/10 Speed
10/10 Expertise
5/10 Prices and additional services
10/10 Quality
The Final Score:
8,51/10
8,51/10
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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