The security researcher who saved MakerDAO from the same fate as The DAO will be reviewing ChronoBank’s smart contracts code.

To ensure maximum safety of TIME token holders we decided to make multiple security audits by the best security researchers in the world.

Nikolai Mushegian is the CEO of DappHub and a well-known security researcher. He saved MakerDAO from the same fate as TheDAO and will be reviewing ChronoBank’s smart contracts code. He will make a security audit of TIME and LH tokens to ensure that smart contracts are safe for public release.

MakerDAO audit

Nikolai Mushegian has gained prominence thanks to his actions in preventing the catastrophic hack of MakerDAO due to the same loophole that led to tens of millions of dollars of Ether being extracted from The DAO last year — leading to a hardfork of the Ethereum blockchain and an ideological split in the community.

‘A few weeks before the infamous hack of The DAO, the DappHub team identified the same recursive withdrawal bug in Maker Market, an experimental decentralized exchange that MakerDAO created to securely sell their token MKR,’ explains Nikolai Mushegian. ‘We quickly moved to exploit the bug ourselves and pull all ETH out of the exchange. It was then returned to its rightful owners and the bug was patched, avoiding certain disaster. We were able to do this because of our clear code and sensible interfaces that limited the attack surface that we had to secure. Since then we have had no issues with any live contracts created for MakerDAO.’