Crypto Exchange
Security Audit That
Prevents Million-Dollar
Hacks

Yes. ITSEC is a VARA-Approved Auditor — one of the few security firms in the UAE formally recognized to conduct assessments that satisfy VARA's cybersecurity requirements for Virtual Asset Service Providers (VASPs).

Our audit reports are accepted directly by VARA as evidence of compliance during the licensing process. We also provide:

• Compliance documentation aligned with VARA's Cybersecurity Rulebook
• Remediation verification letter confirming all critical findings are resolved
• Licensing support and liaison with regulators where required

Clients who have used our reports have achieved VARA licensing in as little as 8 weeks post-audit.

Wallet security testing goes far beyond standard penetration testing. Our team includes blockchain security engineers with deep knowledge of custodial and non-custodial wallet architectures.

• Key Management Review — we assess how private keys are generated, stored, backed up, and rotated, including HSM integration and BIP32/39/44 compliance
• Multi-Signature Testing — we verify that multi-sig policies are correctly enforced and cannot be bypassed under edge cases
• Transaction Signing Workflow — we check for logic flaws in how transactions are authorized and broadcast
• Cold Storage Procedures — we review operational security around offline key material, including air-gap procedures
• MPC Wallet Analysis — if you use multi-party computation, we assess the implementation and key share security

Testing is conducted on a staging environment or with carefully scoped access — never directly against live funds.

Absolutely. All engagements begin with a formal Rules of Engagement document signed by both parties, defining exactly what will be tested, when, and how — with explicit safeguards to prevent disruption to live trading.

• Most testing is conducted on a staging or pre-production environment that mirrors live infrastructure
• Any live system testing is conducted during low-traffic windows agreed in advance
• Destructive tests (e.g. DoS simulations) are never run without explicit written approval
• Our team has a direct escalation line to your engineering team throughout the engagement
• We have never caused an unplanned outage in 50+ exchange audits

Critical findings are never held until the final report. Our process for critical vulnerabilities is:

• Immediate notification — within 1 hour of discovery, your designated security contact is alerted via a secure channel
• Confidential briefing — we provide a private summary of the finding and its potential impact before sharing it in any written form
• Guided remediation — our engineers work alongside your team to prioritize and implement a fix, not just hand you a report and disappear
• Retest included — once remediated, we retest all critical and high findings at no extra charge to confirm the fix is effective
• Zero-day handling — if we discover an issue in a third-party library or vendor, we follow responsible disclosure practices in coordination with you

Duration depends on the scope and complexity of your platform. Typical timelines are:

• 2–3 weeks — focused audit covering wallet security + API security for smaller platforms
• 3–4 weeks — comprehensive audit including trading engine, KYC/AML, and smart contracts for mid-size exchanges
• 4–6 weeks — full-scope enterprise audit for large exchanges with multiple products, chains, and regulatory requirements

The final report is delivered within 5 business days of testing completion. Remediation support is provided for 45 days post-delivery as standard.

We can accommodate expedited timelines for exchanges with imminent regulatory deadlines — contact us to discuss.

Yes. A point-in-time audit is only the beginning. Exchanges that launch new features, integrate new chains, or onboard institutional clients need continuous security assurance. We offer:

• Post-Launch Monitoring — ongoing threat monitoring and alerting for your live exchange environment
• Quarterly Security Reviews — scheduled retesting of critical components every quarter to catch regressions
• Security Retainer — dedicated security advisory hours per month, including code review for new features before release
• Incident Response — 24/7 critical support if a security incident occurs, with our team available for immediate response
• Annual Penetration Test — full-scope annual audit to meet regulatory and compliance requirements

All ongoing clients receive priority scheduling and discounted rates on additional assessments.