ZK International Group Co., Ltd. , is pleased to announce that xSigma Corporation, a subsidiary of the Company and a blockchain R&D lab, is announcing that the smart contracts of its DeFi Protocol have been audited by Hacken and the Protocol has successfully passed Hacken’s audit with its designation of a “well-secured” score. The audit by Hacken’s team has found no critical or high severity issues. The detailed report is available on xSigma’s blog: https://xsigma.fi/audit1/

Hacken is a leading European security firm specialized in blockchain. Hacken’s clients include some of the biggest blockchain companies such as VeChain, 1Inch, gate.io, FTX, Bithumb and many more. As xSigma continues to practice the best in class and as it continues to to protect the security of the protocol for its community, it plans to complete more audits on the DeFi protocol with other auditors in the second quarter of 2021.

The launch of xSigma’s DeFi Protocol is scheduled for 24th of February 2021. The exact time will be announced on xSigma’s website https://xsigma.fi and in its social networks.

Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “Today, the security problem in the world of decentralized apps has escalated, and we wanted to mitigate risks by completing the audit to verify the security of the DeFi Protocol before the platform goes live. We are happy to finish the first audit of the protocol and we look forward to continue to offer a secure protocol by completing the second audit within the next few months.”

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