“ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or “Company”) is pleased to announce that xSigma Corporation, the Company’s subsidiary and blockchain R&D lab, has announced that Hacken has audited the smart contracts of its DeFi Protocol and that the Protocol has successfully passed the audit of Hacken with its “well-secured” score classification. No critical or high severity problems were reported by the audit by Hacken’s team. The detailed report can be found on the blog of xSigma: https://xsigma.fi/audit1//audit1/
Hacken is a leading European company specializing in blockchain security. Some of the biggest blockchain firms, such as VeChain, 1Inch, gate.io, FTX, Bithumb and many more, are customers of Hacken. As xSigma continues to practice the best in class and continues to secure the protection of the protocol for its community, in the second quarter of 2021, it plans to complete further audits with other auditors on the DeFi protocol.
The xSigma DeFi Protocol is scheduled for launch on February 24, 2021. On the xSigma website https://xsigma.fi and on its social networks, the exact time will be announced.
Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, said, “Today, the security problem in the world of decentralized apps has escalated, and we wanted to mitigate risks by completing the audit to verify the security of the DeFi Protocol before the platform goes live. We are happy to finish the first audit of the protocol and we look forward to continue to offer a secure protocol by completing the second audit within the next few months.”