Case study
SatoshiVM ($SAVM)
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Security score compelled a check on latest information about the token which are aligning to the low security score on the audit.
5 token vulnerabilities were identified by the AI audit ($SAVM)
Audits with ARC analyze both the latest token information and the smart contract code, which compelled a cautious investor to ensure investment transparency and security of the token.
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Executive Summary
The $SAVM (SatoshiVM) cryptocurrency faced controversy over its low security score and the legitimacy of its IDO. Archimedes, a tool for real-time smart contract code analysis, played a key role in auditing $SAVM, confirming concerns about its security. The audit's findings prompted a re-evaluation of the token, which aligned with the low security score.
Problem Statement
Security Concerns: An investor avoided $SAVM due to its low security score from Archimedes' audit.IDO Allegations: Archimedes flagged issues in the IDO with Ape Terminal and MacnBTC.Financial Implications: rug.ai and Archimedes noted risks like ownership concentration and unlocked liquidity.Market Dynamics: $SAVM's price fluctuated after the controversy and audit reports.
Results
Audit Impact: Archimedes' audits influenced market and investor perceptions with timely, objective assessments.Transparency: SatoshiVM's transparency efforts, including a research paper, were supported by Archimedes' audits.Community Response: The crypto community, guided by Archimedes' insights, stressed the need for honest, thorough assessments in crypto investments.
Conclusion
The $SAVM case highlights the importance of advanced auditing tools like Archimedes in crypto markets. These tools provide unbiased evaluations of token data and smart contract code, emphasizing the need for transparency, security, and cutting-edge technology to ensure reliable cryptocurrency investments.