what's Coinspect?

Coinspect is a Web3 security firm founded in 2014, dedicated to safeguarding decentralized systems such as Layer 1 and Layer 2 blockchains, smart contracts, wallets, web3 dApps, exchanges, and bridges. Their comprehensive services include blockchain protocol audits that scrutinize cryptography, consensus mechanisms, economic incentives, denial-of-service protections, and architectural integrity, alongside smart contract audits targeting reentrancy, arithmetic overflows, economic exploits, and complex DeFi interactions. In addition to audits, Coinspect provides penetration testing to mimic real-world attacks, SDLC reinforcement to integrate security from the ground up, and thorough source code reviews across programming languages. They contribute to the ecosystem through initiatives like the Wallet Security Ranking, an objective framework evaluating wallets on dApp permissions, intent verification, physical access safeguards, and threat prevention to empower users and developers with actionable security insights.

Coinspect's latest Wallet Security Ranking report found 13% of wallets allow risky eth_sign.