Answers SC
CryptobandRegistration: link
Part 1: SKYNET RATING
Quiz: Web3 Security with Skynet
Answer 1: Security Scores
Answer 2: False
Quiz: Operational Security
Answer 1: True
Answer 2: They harness community expertise to identify bugs
Quiz: Code Security
Answer 1: To identify and fix potential security vulnerabilities
Answer 2: True
Quiz: Team and Insider Risks
Answer 1: Lack of accountability and transparency
Answer 2: False
Quiz: Governance and Security in DAOs
Answer 1: Centralization risks in smart contract
Answer 2: True
Quiz: Market-Related Risks
Answer 1: It increases the risk of market manipulation
Answer 2: It indicates strong interest and potential liquidity.
Quiz: Community and Security Risks in Web3
Answer 1: Influences market stability and trust
Answer 2: False
Quiz: Introduction to User Security
Answer 1: Because crypto assets are often held in decentralized wallets with no central authority to help recover lost funds
Answer 2: Two-Factor Authentication (2FA)
Quiz: Introduction to Wallet Security
Answer 1: If the custodial service experiences a security breach, hack, or service itself becomes inaccessible, you may lose access to your private keys.
Answer 2: Storing them in a hardware wallet or encrypted offline location
Quiz: Best Practices for Wallet Security
Answer 1: All of the above
Answer 2: The recipient’s wallet address to ensure it’s correct
Quiz: Insights on Market Analytics
Answer 1: Fully diluted market cap
Answer 2: High price volatility, Whale movement, Irregular trading volume
Answer 3: True
Quiz: Operational Security via Website Scan
Answer 1: Network Security, DNS Health, Application Security
Answer 2: True
Answer 3: Penetration Testing
Quiz: GitHub Monitoring for Better Code Security
Answer 1: All of the above
Answer 2: False
Answer 3: False — Introducing new code may also introduce bugs and vulnerabilities
Quiz: Governance Activity Monitoring
Answer 1: It reflects the level of governance activity in comparison to other Web3 projects by aggregating various signals
Answer 2: False
Answer 3: Project’s financial performance
Quiz: Insights on Token Holder Analysis
Answer 1: False
Answer 2: Total Value Locked (TVL)
Answer 3: High percentage on project owner holding
Quiz: CertiK Ventures
Answer 1: Shiba Inu
Answer 2: Foster the growth of security-first projects
Quiz: Security Rating for Pre-Launch Projects
Answer 1: Market Stability
Answer 2: Stage 2
Answer 3: All of the above
Quiz: RWA Security and Leaderboard
Answer 1: Conducting regular smart contract audits
Answer 2: False
Quiz: Set up Your Skynet Username
Answer 1: Change your name by clicking the "Edit" button
Part 2: Web3 Security
Quiz: Choosing a Secure Exchange
Answer 1: All of the above
Answer 2: True
Quiz: Proof of Reserve
Answer 1: False
Answer 2: All of the above
Quiz: Recognizing Risk Signals on the Exchange
Answer 1: They might be recommending a scam or fraudulent scheme
Answer 2: The exchange has liquidity problems or internal issues
Quiz: Important Exchange Security Features
Answer 1: The exchange has strong information security management systems
Answer 2: It minimizes the risks associated with using a cryptocurrency exchange
Quiz: Private Key Security
Answer 1: If someone gains access to your private key, they gain access to your crypto assets
Answer 2: Store it offline, preferably in a hardware wallet
Quiz: Private Key Security: Seed Phrases
Answer 1: Create a backup and store it in secure locations
Answer 2: It can be hacked or accessed by unauthorized parties
Quiz: Losses Related to Private Key Compromises
Answer 1: Nearly $881 million across 47 incidents
Answer 2: Binance
Quiz: Website & dApp Security
Answer 1: False
Answer 2: The dApp has limited documentation and transparency
Quiz: Identifying Malicious Activity on Websites & dApps
Answer 1: Be cautious with emails and messages that ask for sensitive information, and always verify links and URLs before clicking
Answer 2: The URL has subtle differences from the legitimate site, like extra characters or misspellings
Quiz: Stay Vigilant on Browser Plugins
Answer 1: Using plugins promoted by users on social platforms
Answer 2: Mimicking legitimate projects with similar functionality, Sending unsolicited messages on social platforms, Exploiting or taking over third-party plugins
Quiz: Common Web3 Phishing Methods
Answer 1: True
Answer 2: False
Quiz: Intro to Airdrop Scams
Answer 1: False - projects never ask for such information
Answer 2: Requires software downloads from unverified sources, Come via unsolicited messages on social media, Website domain does not match the official site
Quiz: Identifying and Avoiding Phishing Scams in X Replies
Answer 1: Display names on X can be misused to impersonate official accounts, Scammers may disguise themselves using Gold Check accounts on X
Answer 2: Same display name as the official account, A very similar username, Same account profile picture
Answer 3: Users could always trust messages prior to the End of Thread
Quiz: Importance of Bug Bounty Programs in Web3
Answer 1: True
Answer 2: Use open source expertise for security
Answer 3: Massa, Wemix, Tonstakers, Edu3Labs
Part 3: CertiK Blog
Quiz: Build trust and integrity in project teams with KYC
Answer 1: It helps users trust the team behind a project
Answer 2: The project team has undergone a thorough identity verification process
Answer 3: By conducting rigorous identity checks on core team members
Quiz: KYC Actors are Ramping Up Their Game
Answer 1: Fraudsters are hiring professional actors to circumvent due diligence
Answer 2: Verify development teams and prevent fraud
Answer 3: To open bank accounts and store illicit funds
Quiz: HACK3D Part 1: Top Incident Analyses
Answer 1: Network Congestion
Answer 2: The stolen assets were returned to the Munchables team
Answer 3: The CEO’s resignation
Quiz: HACK3D Part 2: Private Key Compromise
Answer 1: $239 million
Answer 2: Chris Larsen
Answer 3: False
Quiz: HACK3D Part 3: Rounding Issue Exploits
Answer 1: Newly-deployed lending pools
Answer 2: Drainage of funds
Answer 3: False
Quiz: Unveiling the KYC Actor Industry
Answer 1: Passing regular verifications is easy
Answer 2: To steal funds from investors
Answer 3: Thorough background investigation by professional investigators
Quiz: Best Tools for Tracking Top Crypto Wallets
Answer 1: Dune Analytics
Answer 2: False
Answer 3: Monitoring crypto market trends
Quiz: How CertiK Does KYC
Answer 1: True
Answer 2: Video Call, ID Check, Review & Award
Answer 3: False
Quiz: Trap Phishing on Trusted Platforms
Answer 1: Crypto wallet private keys and mnemonic phrases
Answer 2: True
Quiz: Different Mechanisms for Honeypot Scams
Answer 1: An all-green chart with no sells
Answer 2: False
Quiz: Introduction to Formal Verification
Answer 1: True
Answer 2: Defining properties of contracts to be verified
Quiz: How Exit Scammers Mint Tokens Undetected
Answer 1: Bypassing the totalsupply metric
Answer 2: True
Quiz: Introduction of Diamond Agency Contract
Answer 1: True
Answer 2: To prevent unauthorized access to privileged roles
Quiz: Recognizing the Misuse of CertiK’s Brand
Answer 1: Verify their credentials using CertiK’s Employee Verification tool
Answer 2: True
Quiz: Top Compliance Risks in Crypto
Answer 1: Exposure to illicit activities
Answer 2: False
Answer 3: By maintaining a repository of global regulations
Quiz: Hedgey Finance Event Analysis
Answer 1: True
Answer 2: $2 million
Quiz: Bot-Driven Wash Trading in Exit Scams
Answer 1: True
Answer 2: Disperse.app, CoinTool
Answer 3: Increased liquidity, High trading volumes, Rising market up
Quiz: Sonne Finance Incident Analysis
Answer 1: True
Answer 2: $20 million
Quiz: Advanced Formal Verification of ZK Proofs
Answer 1: A way to verify the correctness of a computation without revealing its details.
Answer 2: False
Quiz: How AI is Transforming KYC for Crypto Project Teams
Answer 1: Increased precision and speed in verifying identities
Answer 2: True
Quiz: Understanding the Impact of FIT21 on Crypto Compliance
Answer 1: True
Answer 2: To foster innovation and growth
Quiz: SkyKnight
Answer 1: To offer a fast and detailed security assessment tool for memecoins
Answer 2: Deep analysis of smart contract code and comprehensive reporting
Answer 3: Investors and developers
Part 4: Project Focus
Quiz: PEPE | Meme
Answer 1: Undergoing a CertiK audit of its token contract
Answer 2: The top 10 holders own less than 5% of the total supply.
Quiz: Aptos | Layer 1
Answer 1: A developer-friendly environment, focusing on scalability and security
Answer 2: True
Quiz: Ondo Finance | RWA
Answer 1: True
Answer 2: Conducts compliance checks and engages with regulatory bodies
Quiz: TON | Layer 1
Answer 1: Ensures consistency and security across the network
Answer 2: Over 100,000 TPS
Quiz: Ripple (XRP Ledger) | Layer 1
Answer 1: The security of its Automated Market Maker (AMM) implementation
Answer 2: Highly active and engaged
Quiz: Wormhole | Infrastructure
Answer 1: True
Answer 2: $5M
Quiz: EigenLayer | Infrastructure
Answer 1: Shared security model leveraging staked ETH
Answer 2: To provide a safety net in case of protocol failures or hacks
Quiz: Ethena | Stablecoin
Answer 1: Delta hedging
Answer 2: Internet Bond
Quiz: FriendTech | Social
Answer 1: False
Answer 2: Rewards of up to 1,000,000 USDC based on bug severity
Quiz: Worldcoin | Store of Value
Answer 1: True
Answer 2: Operators could bypass verification without proper ID.
Quiz: zkSwap Finance | DeFi
Answer 1: Swap to Earn
Answer 2: 6
Answer 3: False - The team has been KYC verified by CertiK
Quiz: Edu3Labs | The Future of Education
Answer 1: AI, Education, Blockchain
Answer 2: Gold
Answer 3: Gate.io, MEXC
Quiz: Core DAO | Infrastructure
Answer 1: True
Answer 2: Satoshi Plus consensus mechanism
Quiz: Arbitrum | Layer 2
Answer 1: Offchain Labs
Answer 2: Yes - $2,000,000