TokenLabs is a no-code platform designed to make creating and managing ERC20 tokens simple and accessible for users of all technical backgrounds. However, ease of use can bring risks, especially for platforms without advanced programming and security safeguards. To ensure TokenLabs could deliver on its promise of safe token creation, management, and vesting, a thorough smart contract audit was essential.

Audit Scope: Exposing Hidden Vulnerabilities

AuditOne conducted a meticulous review of TokenLabs' smart contracts, focusing on core components related to token creation, management, and vesting. The audit encompassed the following contracts:

• TokenLabsMultisender.sol
• Launchpad/TokenLabsLaunchpadFactoryERC.sol
• TokenFactory/TokenLabsTokenFactory.sol
• Vesting-Lock/TokenLabsLock.sol
• Vesting-Lock/TokenLabsLockingFactory.sol
• Vesting-Lock/TokenLabsVesting.sol

Key Challenge: Unauthorized Token Sales with Poisoned Tokens

Our audit revealed critical vulnerabilities, including a significant issue that posed a direct threat to user trust and platform integrity:

Malicious vendors could bypass security checks to introduce unauthorized or "poisoned" tokens into the platform. These tokens, not approved by the TokenLabs ecosystem, could deceive users, resulting in asset theft and damaged trust.

Why It Matters

This vulnerability allowed bad actors to exploit the platform by introducing harmful tokens not part of the approved ecosystem. Such flaws could lead to:

• Loss of platform transparency.
• Broken trust among users.
• Substantial financial losses for customers.

Real Impact: A Breach of Integrity

The smart contract lacked sufficient authentication to ensure only approved ecosystem tokens could be used in sales. This opened the door for malicious actors to bypass security, issuing fake or unauthorized tokens that mimicked legitimate ones.

Without proper checks, rogue tokens could be introduced, leading users to unknowingly purchase assets that were not genuine, jeopardizing the platform’s integrity and user confidence.

Code at Fault:

Solution: Restoring Trust Through Security

AuditOne recommended introducing comprehensive authentication measures to ensure only ecosystem-approved tokens could be used in sales.

How We Fixed It:

• Implemented a token verification checklist to authenticate all tokens against the ecosystem's trusted list.
• Strengthened input validation requirements to block unauthorized actions.

With these fixes, TokenLabs eliminated key vulnerabilities and ensured a safer environment for their users.

Results: A Safer, More Trusted Platform

By addressing these security issues, TokenLabs enhanced its standing as a secure and reliable no-code solution for token creation.

Key Outcomes:

• Enhanced Security: Critical vulnerabilities were resolved, safeguarding user assets.
• Restored Trust: Users gained confidence in the platform’s ability to secure their transactions.
• Stronger Ecosystem Integrity: Prevented malicious actors from exploiting the system.

Why Your Project Needs AuditOne

TokenLabs’ story highlights a crucial truth: even the most innovative platforms are only as secure as their weakest link. AuditOne specializes in identifying and resolving vulnerabilities that could undermine your users’ trust and your platform’s success.

Ensure your platform remains secure and your users' trust unshaken—choose AuditOne to fortify your smart contracts and build a foundation of security and reliability.
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