Recently, Cheetah Mobile Security and Huobi Group have formally established a strategic partnership on blockchain security. At the initial stage, they will cooperate in smart contract security audit. Cheetah Mobile Security will review the operation security of smart contract codes of active projects for Huobi Group. Throughout this partnership, both parties shall organize seminars on blockchain security, hold discussions on blockchain security technology for those in the industry, promote the innovation of blockchain security technology, and build a secure environment for blockchain development. The operation security of smart contract codes is critical. As a core technology of blockchain, smart contract is the technical means to ensure that multiple parties participate in the implementation of user commitment agreement. If a smart contract has a security vulnerability, a hacker may launch an attack based on the vulnerability, which will cause a devastating blow to the project. For example, in the famous The DAO event, a hacker successfully stole US$200 million of digital assets by exploiting a simple recursive function vulnerability, which led to the end of the famous The DAO project.
Cheetah Mobile Security has professional and efficient technical solutions for smart contract security audit. TonTon Huang, an expert of Cheetah Mobile Security, has made manual audit of smart contract vulnerabilities easier by innovative conversion of contract bytecodes into RGB color codes, then converting them into coded images of fixed size, and finally using Convolutional Neural Network (CNN) for automatic feature extraction and learning to detect vulnerabilities in ETH smart contracts.
The Cheetah Mobile Security team has a professional technical background. Most of the team members are experts from the Kingsoft Internet Security team. They have been deeply involved in the security field for more than ten years and have a number of patents. They are constantly exploring security solutions and putting forward innovative ideas and solutions to provide security technology solutions to the blockchain industry and build a safer blockchain environment.
Huobi Group is a world-leading digital asset financial service provider. With the mission of “making finance more efficient and wealth more free”, Huobi Group adheres to the service concept of “User First”, and is committed to providing safe, professional, honest and high-quality digital asset financial services to users around the world. Since its inception in 2013, the Huobi Group has received investment from ZhenFund and Sequoia Capital. The accumulated transaction volume has exceeded US$1.2 trillion, and it was at one time the world’s largest digital asset trading platform, accounting for 50% of the global digital asset trading share. At present, the Huobi Group has invested in more than 10 upstream and downstream enterprises, and has established compliance service teams in Singapore, Japan, South Korea, Hong Kong, Australia, Canada, Brazil, the United Kingdom and other countries and regions, and it provides safe, reliable digital asset trading and asset management services to millions of users in over 130 countries all over the world.
The strategic partnership with Huobi Group exemplifies how Cheetah Mobile Security has further expanded the depth and coverage of blockchain security services after its joint efforts with RatingToken to build an open data platform. In line with the principles of openness and win-win, Cheetah Mobile Security will actively carry out security cooperation and work with all parties to improve blockchain security and build a blockchain security environment.
