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

[PT] Cube Exchange | Web+API | Jan2025

Date:

Mar 10, 2025

Table of Content

→Introduction
→Audit Summary
→System Overview
→Findings
→Appendix 1. Severity Definitions
→Appendix 2. Scope
→Disclaimer

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Introduction

We express our gratitude to the Cube Exchange team for the collaborative engagement that enabled the execution of this Pentest.

Cube.Exchange is an innovative cryptocurrency trading platform that leverages advanced multi-party computation (MPC) technology to ensure users retain full custody and control of their digital assets. Unlike traditional exchanges, Cube.Exchange allows users to trade directly from their MPC Vaults, eliminating the need to transfer assets into exchange custody.

Document

NamePentest and Security Analysis Report for Cube Exchange
Audited ByAdedolapo Olayinka-Adeyemi
Approved ByStephen Ajayi
Websitehttps://www.cube.exchange/→
Changelog07/02/2025 - Preliminary Report
Changelog10/03/2025 - Final Report
PlatformWeb_API
TagsPentest, GrayBox
Methodologyhttps://hackenio.cc/pentest_methodology→

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Audit Summary

4Total Findings
1Resolved
3Accepted
0Mitigated

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

System Overview

Cube.Exchange is a next-generation cryptocurrency trading platform powered by advanced multi-party computation (MPC) technology, ensuring users retain full custody of their assets. Unlike traditional exchanges, it enables direct trading from MPC Vaults, eliminating the need to transfer funds into exchange custody.

Key Features

  • Non-Custodial MPC Trading – Trade directly from your MPC Vault while maintaining full control of your assets.

  • Real-Time Trading – Execute trades instantly, track live prices, and manage orders seamlessly.

  • Comprehensive Portfolio Management – Monitor balances, analyze transaction history, and track performance.

  • CubeNet Settlement Layer – Instant trade reflections with secure final settlement on CubeNet, a meta-L2 blockchain.

  • Advanced Security – MPC encryption, distributed key generation, and KYC verification ensure robust security.

  • User-Friendly Interface – Intuitive design with real-time notifications for trades, market updates, and account activity.

Findings

F-2025-8448Origin IP for Production-like Environment
Status
accepted
Severity

Low
F-2025-8687Lack of User Input Sanitization in Subaccount and Addressbook Creation
Status
fixed
Severity

Low
F-2025-8498Lack of Session Timeout Mechanism
Status
accepted
Severity

Observation
F-2025-8449SSL Certificate Is About To Expire
Status
accepted
Severity

Observation
Code
―
Title
Status
Severity
F-2025-8448Origin IP for Production-like Environment
accepted

Low
F-2025-8687Lack of User Input Sanitization in Subaccount and Addressbook Creation
fixed

Low
F-2025-8498Lack of Session Timeout Mechanism
accepted

Observation
F-2025-8449SSL Certificate Is About To Expire
accepted

Observation
1-4 of 4 findings

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Appendix 1. Severity Definitions

Severity

Description

Critical
These issues present a major security vulnerability that poses a severe risk to the system. They require immediate attention and must be resolved to prevent a potential security breach or other significant harm.

High
These issues present a significant risk to the system, but may not require immediate attention. They should be addressed in a timely manner to reduce the risk of the potential security breach.

Medium
These issues present a moderate risk to the system and cannot have a great impact on its function. They should be addressed in a reasonable time frame, but may not require immediate attention.

Low
These issues present no risk to the system and typically relate to the code quality problems or general recommendations. They do not require immediate attention and should be viewed as a minor recommendation.
  • Severity

    Critical

    Description

    These issues present a major security vulnerability that poses a severe risk to the system. They require immediate attention and must be resolved to prevent a potential security breach or other significant harm.

    Severity

    High

    Description

    These issues present a significant risk to the system, but may not require immediate attention. They should be addressed in a timely manner to reduce the risk of the potential security breach.

    Severity

    Medium

    Description

    These issues present a moderate risk to the system and cannot have a great impact on its function. They should be addressed in a reasonable time frame, but may not require immediate attention.

    Severity

    Low

    Description

    These issues present no risk to the system and typically relate to the code quality problems or general recommendations. They do not require immediate attention and should be viewed as a minor recommendation.

Appendix 2. Scope

The scope of the project includes the following:

Assets in Scope

API Doc - API Doc
Main Cube Exchange Domain - Main Cube Exchange Domain

Disclaimer