Check out our new ERC20 Verification Audit!

Mt Pelerin BRIDGE Security Audit

ChainSecurity performed a security audit of the Mt Pelerin BRIDGE smart contracts. The audit consisted of scanning the code for generic vulnerabilities using state-of-the-art tools and a thorough manual review of the contracts to ensure compliance with the latest security standards and best practices. To find out more about the scope of the audit and our findings, read our detailed report.

Download Audit Report

ChainSecurity performed a security audit of the Mt Pelerin BRIDGE smart contracts. The audit consisted of scanning the code for generic vulnerabilities using state-of-the-art tools and a thorough manual review of the contracts to ensure compliance with the latest security standards and best practices. To find out more about the scope of the audit and our findings, read our detailed report.

Summary

Mt Pelerin engaged ChainSecurity to perform a security audit of Mt Pelerin BRIDGE, an Ethereumbased smart contract system. The Mt Pelerin BRIDGE project offers rule-based enforcement mechanisms for ERC20 tokens, which can be used to guarantee custom compliance checks for token transfers. To make use of this system, the ERC20 token needs to inherit from the base ERC20 contracts provided by Mt Pelerin. The system is open for anyone to join their ERC20 token. Furthermore, the Mt Pelerin BRIDGE project contains a contract that allows the selling of tokens for ETH, as well as a contract that allows voting on a set of resolutions.

ChainSecurity audited the smart contracts which are going to be deployed on the public Ethereum chain. The Exchange.sol contract was out-of-scope. The Mt Pelerin BRIDGE’s contracts code were analyzed for generic security vulnerabilities using state-of-the-art tools. Additionally, a thorough manual audit of the contracts was performed by ChainSecurity’s experts to ensure compliance with the latest security standards and best practices.

During the audit, ChainSecurity was able to help Mt Pelerin in addressing several security, trust and design issues of high, medium and low severity. All discovered issues were fixed, addressed or acknowledged and hence, no security concerns remain at this time.

About Mt Pelerin BRIDGE

Mt Pelerin is creating a new bank on blockchain that will connect people and businesses in whole new ways: as their own personal investment bank.

BRIDGE is the open source ecosystem developed by Mt Pelerin to provide a standardized and comprehensive set of tools for financial tokenization. Designed in Switzerland according to the standard defined by the CMTA, its capabilities answer the critical needs of the banking and financial industry for a comprehensive management of compliance on the blockchain.

Find out more at www.mtpelerin.com

While evaluating auditors for the BRIDGE contracts, ChainSecurity demonstrated that they are one step ahead of others with their innovative tooling. They were able to quickly identify various concerns and their availability, openness and deep knowledge simplified our task to find the appropriate fixes. We intend to maintain a long term relationship with ChainSecurity.
Sébastien Krafft, VP Engineering, Mt Pelerin