By @CryptoSalma33 | #Salma6422
“It was a legit project… until it wasn’t.”
“I trusted the devs… I lost everything.”
These are the voices of investors who skipped one key step before investing:
✅ The audit check.
Let’s break down why crypto audits matter — and how skipping them could wreck your portfolio 👇
🧠 What is a Crypto Audit?
A smart contract audit is a security review of the code behind a crypto project.
Auditors look for:
🐛 Bugs or backdoors
🚪 Hidden mint functions
🧬 Unfair tokenomics
🧨 Vulnerabilities that can be exploited
Audits are like x-rays for smart contracts.
💥 Real Case: What Happens Without Audits?
Example: The Anubis Rug (2021)
$60 million raised in ETH
No audit, no team info
Funds disappeared overnight
Investors had no recourse
This isn’t rare. Billions have been lost in unaudited or poorly audited projects.
🔐 Why You Should Always Check for Audits
Without Audit With Audit
Unknown risks Reviewed by professionals
Higher chance of rugs Safer smart contracts
No public trust Higher transparency
“Trust me, bro” Verified security findings
💡 Not all audits are equal!
Check who audited the contract — not just whether it was audited.
🛠️ Trusted Audit Firms to Look For
✅ CertiK — Most popular in Web3
✅ Quantstamp — High-profile projects
✅ Hacken — Solid reputation
✅ OpenZeppelin — Core Ethereum contributors
✅ Trail of Bits — Deep technical audits
Check the audit report on:
The project’s website
GitHub or Docs
Explorer listings (like CoinGecko or CMC)
📉 What to Watch Out For
⚠️ Fake audit badges
⚠️ Old audits (before major code changes)
⚠️ “Internal audits” by the same dev team
⚠️ No public audit file or link
🔍 Always read the summary:
Even audited projects can have unresolved critical issues.
🔐 Basic Audit Checklist for Investors
✅ Is the audit public and recent?
✅ Who conducted it?
✅ Are the major issues resolved?
✅ Does the contract allow unlimited minting or blacklist functions?
✅ Can the dev drain liquidity?
If anything feels shady — walk away.
🔔 Final Thought
In crypto, trust = code.
And if you don’t understand the code — at least understand who reviewed it.
A simple audit check can be the difference between profit and pain.
Don’t just follow hype.
✅ Follow security.
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💬 Have you ever skipped an audit check and regretted it?
Share your story below to protect others 👇
🔔 Follow @CryptoSalma33 for:
– Rugproof investing tips
– Smart contract red flags
– Crypto due diligence guides
