Yesterday, we answered why @canton_loop, built by @FiveNorthHQ, underwent an independent security audit.
Today, another question came to mind.
How do you actually audit a wallet?
Do security auditors just sit in front of a screen, scroll through thousands of lines of code, and hope they find something?
Not even close.
That's one of the biggest misconceptions about security audits.
When I opened the report, I expected to see a list of findings.
Instead, the first thing that caught my attention was the methodology.
Before looking for vulnerabilities, the auditors first needed to understand how @canton_loop works where trust exists, what an attacker might target, and how different parts of the wallet interact with one another.
That's why the audit didn't rely on a single technique. Verified by Humans combined Threat Modeling, Trust Mapping, Attack Surface Analysis, Manual Code Review, AI-assisted Analysis, Penetration Testing, Proof-of-Concept Exploits, and Remediation Verification to evaluate the wallet.
Each methodology served a different purpose.
Some identified where attacks could happen. Others tested whether the wallet could withstand real-world attack scenarios. And once issues were addressed, the auditors verified that the fixes actually worked.
That changed how I think about security audits.
They're not just about finding bugs.
They're about understanding a system well enough to challenge every assumption behind it.
Next: What is Threat Modeling, and why is it one of the first steps in a professional security audit?
