Q2 2026 Security & Compliance Report67 incidents, $764M in losses, 88% from operational failures.
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Audit name:

[SCA] AdPriva | Anchor | Jan2026

Date:

Jan 21, 2026

Table of Content

→Introduction
→Audit Summary
→System Overview
→Potential Risks
→Findings
→Appendix 1. Definitions
→Appendix 2. Scope
→Appendix 3. Additional Valuables
→Disclaimer

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Introduction

We express our gratitude to the AdPriva team for the collaborative engagement that enabled the execution of this Smart Contract Security Assessment.

The Anchor contract provides a public, verifiable log of AdPriva proof batches, recording batch hashes and Merkle roots on-chain for auditability while relying on off-chain filtering to identify authorized submissions.

Document

NameSmart Contract Code Review and Security Analysis Report for AdPriva
Audited ByKornel Światłowski
Approved ByTurgay Arda Usman
Website-
Changelog14/01/2026 - Preliminary Report
22/01/2026 - Final Report
PlatformBase
LanguageSolidity
TagsEvent Emitter
Methodologyhttps://docs.hacken.io/methodologies/smart-contracts→
  • Document

    Name
    Smart Contract Code Review and Security Analysis Report for AdPriva
    Audited By
    Kornel Światłowski
    Approved By
    Turgay Arda Usman
    Website
    -
    Changelog
    14/01/2026 - Preliminary Report
    22/01/2026 - Final Report
    Platform
    Base
    Language
    Solidity
    Tags
    Event Emitter

Review Scope

Initial Repositoryhttps://github.com/AdPriva/contracts→
Initial Commit411fa915898be15c59209d0a4704de8c305a8061
Final Repositoryhttps://github.com/AdPriva/adpriva-contracts→
Final Commit9a4dccfdda19a15170c35fb8d8684be0e3d9f10d

Audit Summary

6Total Findings
1Resolved
5Accepted
0Mitigated

The system users should acknowledge all the risks summed up in the risks section of the report

Documentation quality

  • Functional requirements are detailed.

    • Project overview is detailed

    • All roles in the system are described.

    • All interactions are described.

  • Technical description is detailed.

    • Run instructions are provided.

    • Technical specification is provided.

    • NatSpec is sufficient.

Code quality

  • The development environment is configured.

  • Insufficient Gas modeling.

  • Code follows Solidity Style Guide.

  • NatSpec covers the code and is detailed.

Test coverage

Code coverage of the project is 100% (branch coverage).

  • Deployment and basic user interactions are covered with tests.

  • Negative cases coverage is present.

System Overview

The Anchor contract provides a public, verifiable log of AdPriva proof batches, recording batch hashes and Merkle roots on-chain for auditability while relying on off-chain filtering to identify authorized submissions.

Privileged roles

The project does not contain privileged roles.

Potential Risks

No potential risks found in this section.

Findings

F-2026-1477Unnecessary Default Value Assignment Of Counter Variable
Status
accepted
Severity

Observation
F-2026-1477Public Anchor Functions Allow Event Spamming
Status
accepted
Severity

Observation
F-2026-1477Redundant Timestamp Emission Increases Transaction Cost
Status
accepted
Severity

Observation
F-2026-1477Repeated Array Length Calculation Increases Gas Consumption
Status
accepted
Severity

Observation
F-2026-1477Custom Errors Can Be Used for Gas Efficiency
Status
accepted
Severity

Observation
F-2026-1477Floating Pragma
Status
fixed
Severity

Observation
Code
―
Title
Status
Severity
F-2026-1477Unnecessary Default Value Assignment Of Counter Variable
accepted

Observation
F-2026-1477Public Anchor Functions Allow Event Spamming
accepted

Observation
F-2026-1477Redundant Timestamp Emission Increases Transaction Cost
accepted

Observation
F-2026-1477Repeated Array Length Calculation Increases Gas Consumption
accepted

Observation
F-2026-1477Custom Errors Can Be Used for Gas Efficiency
accepted

Observation
F-2026-1477Floating Pragma
fixed

Observation
1-6 of 6 findings

Identify vulnerabilities in your smart contracts.

Appendix 1. Definitions

Severities

When auditing smart contracts, Hacken is using a risk-based approach that considers Likelihood, Impact, Exploitability and Complexity metrics to evaluate findings and score severities.

Reference on how risk scoring is done is available through the repository in our Github organization:

Severity

Description

Critical
Critical vulnerabilities are usually straightforward to exploit and can lead to the loss of user funds or contract state manipulation.

High
High vulnerabilities are usually harder to exploit, requiring specific conditions, or have a more limited scope, but can still lead to the loss of user funds or contract state manipulation.

Medium
Medium vulnerabilities are usually limited to state manipulations and, in most cases, cannot lead to asset loss. Contradictions and requirements violations. Major deviations from best practices are also in this category.

Low
Major deviations from best practices or major Gas inefficiency. These issues will not have a significant impact on code execution.
  • Severity

    Critical

    Description

    Critical vulnerabilities are usually straightforward to exploit and can lead to the loss of user funds or contract state manipulation.

    Severity

    High

    Description

    High vulnerabilities are usually harder to exploit, requiring specific conditions, or have a more limited scope, but can still lead to the loss of user funds or contract state manipulation.

    Severity

    Medium

    Description

    Medium vulnerabilities are usually limited to state manipulations and, in most cases, cannot lead to asset loss. Contradictions and requirements violations. Major deviations from best practices are also in this category.

    Severity

    Low

    Description

    Major deviations from best practices or major Gas inefficiency. These issues will not have a significant impact on code execution.

Potential Risks

The "Potential Risks" section identifies issues that are not direct security vulnerabilities but could still affect the project’s performance, reliability, or user trust. These risks arise from design choices, architectural decisions, or operational practices that, while not immediately exploitable, may lead to problems under certain conditions. Additionally, potential risks can impact the quality of the audit itself, as they may involve external factors or components beyond the scope of the audit, leading to incomplete assessments or oversight of key areas. This section aims to provide a broader perspective on factors that could affect the project's long-term security, functionality, and the comprehensiveness of the audit findings.

Appendix 2. Scope

The scope of the project includes the following smart contracts from the provided repository:

Scope Details

Initial Repositoryhttps://github.com/AdPriva/contracts→
Initial Commit411fa915898be15c59209d0a4704de8c305a8061
Final Repositoryhttps://github.com/AdPriva/adpriva-contracts→
Final Commit9a4dccfdda19a15170c35fb8d8684be0e3d9f10d
WhitepaperN/A
RequirementsNatSpec
Technical RequirementsNatSpec

Assets in Scope

contracts
Anchor.sol - contracts › Anchor.sol

Appendix 3. Additional Valuables

Additional Recommendations

The smart contracts in the scope of this audit could benefit from the introduction of automatic emergency actions for critical activities, such as unauthorized operations like ownership changes or proxy upgrades, as well as unexpected fund manipulations, including large withdrawals or minting events. Adding such mechanisms would enable the protocol to react automatically to unusual activity, ensuring that the contract remains secure and functions as intended.

To improve functionality, these emergency actions could be designed to trigger under specific conditions, such as:

  • Detecting changes to ownership or critical permissions.

  • Monitoring large or unexpected transactions and minting events.

  • Pausing operations when irregularities are identified.

These enhancements would provide an added layer of security, making the contract more robust and better equipped to handle unexpected situations while maintaining smooth operations.

Frameworks and Methodologies

This security assessment was conducted in alignment with recognised penetration testing standards, methodologies and guidelines, including the NIST SP 800-115 – Technical Guide to Information Security Testing and Assessment →, and the Penetration Testing Execution Standard (PTES) →, These assets provide a structured foundation for planning, executing, and documenting technical evaluations such as vulnerability assessments, exploitation activities, and security code reviews. Hacken’s internal penetration testing methodology extends these principles to Web2 and Web3 environments to ensure consistency, repeatability, and verifiable outcomes.

Disclaimer