IDEX (NYSE:IEX), a decentralized exchange, recently underwent a security audit by Qauntstamp prior to the release of its 2.0 mainnet. The exchange's CEO Alex Wearn emphasized the importance of security audits to Cointelegraph:
Wearn was alluding to the fact that many popular DeFi projects have launch unaudited — a decision which has led to catastrophic results more than once. In IDEX's case, the project passed its code review with no major vulnerabilities discovered. Quantstamp CEO Richard Ma told Cointelegraph: