Hacken Review

This Hacken review will thoroughly explore the reputable platform providing essential security services to Web3 businesses.

With a professional team of over 100 people, Hacken offers comprehensive features with their flagship smart contract audits, blockchain protocol audits, dApp audits, penetration testing, and bug bounty programs.

Their competitive pricing, transparent and proactive approach, and recognition within the Web3 community add to their appeal. Through their experience and commitment to enhancing security, Hacken plays a crucial role in fortifying trust in the decentralized web space.

Company Overview

Hacken, established in 2017 by a team of cybersecurity experts from Ukraine, has made a significant impact in the realm of ethical hacking and blockchain security.

Officially registered as Hacken OÜ in Tallinn, Estonia, the software company operates globally with a head office in Lisbon and team members in diverse countries, including Portugal, the UAE, Poland, Croatia, and more

Comprising a team of over 100 professionals, the Hacken ecosystem encompasses diverse cybersecurity domains, including smart contract audits, blockchain protocol audits, dApp audits, penetration testing, bug bounty programs, and more.

Dyma Budorin, the CEO of Hacken, brings over six years of expertise in Web3 security, cybersecurity, and blockchain. He is also a co-founder of the Hacken Foundation, a platform dedicated to enabling others to launch innovative cybersecurity infrastructure projects.

Yevheniia Broshevan, the CBDO and business strategist, drives Hacken’s business development, partnerships, and marketing initiatives. She has over seven years of experience in IT sales, business,, project management, and blockchain.

Andrew Matiukhin, the CTO, leads the technical team at Hacken and ensures the delivery of top-notch security services. With over 15 years of experience in software development, penetration testing, and blockchain, he oversees the security and operations teams with quality standards and technical understanding.

What is Hacken?

Hacken’s primary objective is to assist businesses and crypto projects in safeguarding their data, networks, and assets from potential hackers.

With ethical hacking methodologies, Hacken helps you identify and address vulnerabilities in various areas, including smart contracts, blockchain protocols, dApps, etc. These solutions significantly improve the security and transparency of any project.

Who should use Hacken?

Hacken caters to various participants within the web3 ecosystem, including:

Blockchain developers: Hacken team is a solid choice for blockchain developers as it assists in securing their products and web applications. If you are a developer, you can rely on their team to execute security audits and use bug bounty programs. Unlike other audit companies, they prioritize your code’s reliability, performance, and security by offering practical solutions.

Crypto exchanges: Hacken supports crypto exchanges in safeguarding their assets and reputation from potential DeFi scammers. Numerous exchange hacks in the crypto world have caused billions worth of losses for users. Hacken comes in here; they offer services such as proof of reserves and other solutions that enhance the platform’s trustworthiness. Not to forget, Hacken also plays a key role in complying with industry standards like the CryptoCurrency Security Standard (CCSS).

Crypto investors: As an investor, Hacken will empower you to make informed investment decisions. They provide security ratings, rankings, data, and reports for crypto projects, tokens, exchanges, and wallets. Moreover, Hacken offers their customers valuable insights, analysis, financial information, data, and research on the Web3 market and its trends.

Type of Audits offered by Hacken

Here are some types of smart contracts and other audits offered by Hacken.

Smart contract audit services

Smart contracts revolutionize business by automating financial systems and processes, but security flaws have led to significant hacks, impacting the industry. Such security lapses—from the DAO hack to the Bancor hack—have had a long-lasting effect on the blockchain space and serve as reminders of the value of adequately safeguarding smart contracts.

Through a proactive approach to thorough code review and analysis, Hacken identifies weaknesses, bugs, logic errors, and other potential issues that could jeopardize your project. It helps eliminate any risks that could compromise smart contracts’ functionality, security, or performance.

In addition to that, Hacken conducts audits for ecosystems like Ethereum, BSC, Polygon, Near, Avalanche, Fantom, Solana, Polkadot, and more. After a detailed review, the audit report provided by Hacken includes a summary, methodology, findings, recommendations, and ratings specific to the audited smart contract.

With a smart contract audit, a protocol can save itself from threats like the famous Polygon hack that drained over $611 million of users’ assets.

Blockchain protocol audits

With weak blockchain protocol security systems in place, there are chances that startups or companies can fall victim to hacks like the $200 million hack of Euler Finance. In 2022, almost $3.8 billion were lost, and DeFi protocols accounted for almost 82 percent of all hacks.

Hacken conducts a comprehensive security assessment of a blockchain protocol’s architecture and implementation layers. This evaluation covers crucial aspects such as consensus mechanisms, cryptography, network protocols, node software, and governance models.

By securing the core infrastructure, Hacken assists blockchain projects in mitigating risks associated with attacks like 51%, double-spending, replay, and Sybil attacks.

dApp audits for Web3 startups

Regarding security, the decentralized application (dApp) is often overlooked in the Web3 ecosystem. However, conducting a dApp audit is crucial to ensure secure integrations with blockchains and safeguard assets.

It’s not an added expense but a cost and life-saving measure to prevent hacks and leaks, thereby reducing potential costs associated with security breaches. Hacken’s security standards prioritize protecting sensitive data, offering customers peace of mind regarding their future safety, and protecting their private keys.

Hacken performs thorough security evaluations of applications interacting with blockchain networks for businesses such as decentralized exchanges, lending platforms, gaming platforms, and NFT marketplaces.

Using secure code review, static security analysis, dynamic security testing, and user interface testing, they identify vulnerabilities in enterprise dApps.

Tokenomics audit to increase scalability

Hacken’s tokenomics audit thoroughly evaluates a project’s token economy. Conducted by experienced experts in complex tokenomics modeling, this audit strengthens the reliability of a Web3 project’s token model.

Moreover, it provides trustworthy evidence for the token sale to investors and the general public, assuring them that it is designed to function as intended.

Hacken offers a verification process that examines the token economy design of crypto projects based on various criteria, including token distribution, utility, governance, incentives, and risks.

By assisting crypto projects in designing and verifying their tokenomics models, Hacken ensures integrity in these projects’ sustainability, integrity, scalability, and fairness.

Hacken Review: What makes Hacken unique?

Hacken focuses on cybersecurity’s technical aspects through various tools and techniques. Here are some key technical benefits:

A thorough code review and analysis

Hacken thoroughly examines the source code of dApps and other Web3 applications. They use manual and automated methods to monitor and ensure compliance with best practices, coding standards, security patterns, and common vulnerabilities.

To detect and prevent bugs or errors, Hacken uses tools like static analyzers, symbolic execution engines, and formal verification tools.

Effective penetration testing to identify security flaws

Hacken simulates cyberattacks on Web3 systems infrastructure and applications, including web applications, mobile phone applications, and external and internal networks. It has a dedicated product Hacken Extractor for attack detection in real time.

Bug bounty and cybersecurity services

Through their platform HackenProof, Hacken manages bug bounty programs for clients. HackenProof connects vetted ethical hackers with businesses in need of security testing.

Hackers can submit bug reports and receive rewards and recognition. HackenProof also offers quality assurance, triage, and mediation for bug bounty programs.

Proof of reserves 

Hacken provides an on-chain proof of reserves service, which verifies the proper collateralization of crypto assets held by exchanges or custodians. This was a debate during the FTX collapse, and Binance was the frontrunner of the Proof of reserve concept.

Hacken proves asset control without disclosing the company’s sensitive financial information using cryptographic techniques. They use tools like blockchain explorers, oracles, and smart contracts to perform these thorough audits.

What are the pros of Hacken?

Let’s explore what sets Hacken apart from its competitors:

Professional security and operations teams

With a team of over 100 professionals skilled in various cybersecurity domains, including smart contract audits, Hacken possesses a single platform of extensive expertise.

Besides that, their team has over 35 years of combined penetration testing experience and over 15 years of combined bug bounty and support experience. Additionally, thanks to their strong backgrounds and knowledge of blockchain development, they are a perfect choice for your company.

Competitive and transparent pricing

Hacken ensures competitive and transparent pricing for its security services. They provide fixed and flexible pricing options tailored to the project’s scope, complexity, and urgency.

Additionally, Hacken offers free consultations, quotes, support, and discounts for clients. They accept payments in various currencies, including fiat money, crypto, and their token, HAI.

Hacken’s native token (HAI)

HAI is the native token of Hacken, a platform providing security services for Web3 businesses and projects. HAI offers customers a range of benefits, including work-to-earn opportunities through the Trust Army platform and HackenProof bug bounty platform.

It also enables users to access various Hacken products and services, paying with HAI tokens at discounted rates. In addition, Hacken Artificial Intelligence (HAI) enables its users to actively engage in governance using the Hacken Decentralized Autonomous Organization (hDAO).

A strong community and credibility

Hacken has a strong community and an esteemed reputation within the Web3 ecosystem. They have over 180 partners and more than 1000 clients and have audited over 1200 projects.

Over 50 crypto exchanges trust their security services, and Hacken engages with over 20,000 ethical hackers who participate in their bug bounty programs.

Moreover, their security audits and bug bounty programs have gained recognition from leading platforms like CoinGecko, CoinMarketCap, Binance, and others.

How to contact the Hacken team

Follow these simple steps to get started with Hacken:

5.0

Read our review

Blockchains

• 18+

Price

• $5,000 – $150,000

Payment Options

• Crypto/Fiat/HAI

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More details

Hacken is a trusted platform offering various cybersecurity services for all your cloud infrastructure of web3 business and projects. With the support and knowledge of their professional team and competitive pricing. Hacken plays a crucial role in addressing companies' security flaws in the Web3 ecosystem.

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  Comprehensive security services and audits.

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  Professional team experienced in cybersecurity.

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  Competitive pricing and discounts.

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  Highly trusted within the web3 community.

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  Limited availability.

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  Audits don't guarantee complete security.

Step 1: Visit the website

Start by visiting the Hacken website. Then, click [Request A Quote] to move forward.

Step 2: Enter details

After that, you will be asked to enter details and important information about your project. When done, click [Send Request].

Step 3: Wait for the response

Congratulations! You have successfully submitted a quote request. Now, wait for the team’s response.

Fees and costs

Here are some examples of Hacken’s pricing for their services:

• Smart contract audits: Average cost between $5,000 and $25,000, with factors such as lines of code, logic complexity, and ecosystem type. Clients paying in HAI receive a 10% discount.
• Blockchain protocol audits: Average cost between $50,000 and $150,000, depending on the number of components, architecture complexity, and consensus mechanism type.
• dApp audits: Average cost between $10,000 and $30,000.
• Penetration testing services: Average cost between $5,000 and $20,000, considering the number of targets, system complexity, testing type, and delivery time.
• Bug bounty program: Average cost between $1,000 and $5,000. Additionally, a 10% commission fee is applied to bug bounty rewards.

Drawbacks of Hacken

Let’s explore some dealbreakers of Hacken:

• Limited availability: Hacken has limited availability for some security services, depending on its technical team’s demand, capacity, and schedule. Hacken may be unable to accommodate all requests or meet all deadlines, especially for complex or urgent projects. Finally, the auditing firm charges higher fees for expedited delivery or special requests.
• Human errors: Hacken may make human errors or mistakes, relying on manual and automated methods to perform security audits, testing, and analysis. Given their portfolio, Hacken may overlook or miss some vulnerabilities or issues or provide inaccurate recommendations or solutions.

Hacken Review: Our Verdict

Hacken is the best platform offering comprehensive security testing services for Web3 businesses and projects. They provide a range of audits and security tests, ranging from smart contract audits to penetration testing and bug bounty programs.

Their professional team of over 100 experts ensures quality and timely delivery of services. Hacken’s competitive and transparent pricing options cater to various project scopes and complexities, with discounts available for payments in their native token, HAI.

The advantages of Hacken include its experienced team, transparent pricing, and recognition within the Web3 community. So, we recommend considering all these factors before making your decision.