Yesterday, PwC and Swiss blockchain security firm
ChainSecurity announced that ChainSecurity’s staff are joining PricewaterhouseCoopers Switzerland (PwC). We believe this is an “acquihire” but await confirmation from PwC. ChainSecurity provides technical audits of smart contracts and blockchain projects and will add to the portfolio of PwC, one of the Big Four accounting and consulting firms.
ChainSecurity is a spin-off from the ICE Centre, an R&D lab at ETH Zurich, a leading university in Europe. It is ranked 13 in the World University Rankings, tied alongside UC Berkeley. The firm has over 75 blockchain companies as clients including stable coin issuer Paxos, and blockchain protocols Polkadot and Zilliqa.
The firm develops custom security solutions for blockchain projects, identifies vulnerabilities and verifies the functional correctness of smart contracts, blockchain platforms, and protocols. Previously, the ChainSecurity team discovered a vulnerability in an Ethereum upgrade, preventing a major breach in January 2019.
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