Richard Ma, the CEO and founder of Quantstamp, is a leader in the cryptocurrency auditing landscape. Ma’s firm is recognized as one of the leading smart contract auditing entities and his perspective offers invaluable insights into the evolving challenges and paradigms of crypto safety. Ma’s journey in the world of cryptocurrency began with a direct and personal brush with its vulnerabilities when he invested in the DAO in 2016 and it got hacked with over $50 million taken. This unfortunate encounter transformed Ma from an investor to a luminary intent on fortifying the digital finance landscape.Ma believes that security is not a one-time thing but a continuous process and that audits are not enough. He explains that projects often release a lot of things without getting audits and then wait until they have a bunch of updates and then get it audited all at once, which can be risky. Ma also points out that many of the biggest hacks in crypto are not smart contract hacks, but exchange hacks or thefts from custody providers, such as the Mt. Gox hack.Ma suggests that the best way to get a feeling for the credibility of the audit is to simply take five of the previous audit reports and read through them. He emphasizes the unique circumstances of each project and that a good audit should not only point out the common issues but should also go into the depth of a project’s design and functionality.Quantstamp has performed over 700 audits and serves 600 active customers, leading the charge to secure the future of digital assets. Ma is committed to the vision of evolving, adapting, and being vigilant at all times.

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Information	Details
Geography	Asia
Countries
Sentiment	positive
Relevance Score	9
People	Richard Ma, CryptoPotato
Companies	Mt. Gox, Binance, Quantstamp, DAO, PrimeXBT, Nomad Bridge
Currencies	Lido DAO, Ethereum, US Dollar, Bitcoin
Securities	None