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Smart Contract Audits Firm Hosho Reduces Staff Due to Auto Tooling Boost and ICO Downturn


Smart contracts auditing firm Hosho has laid off a significant number of staff, citing an increased amount of automated tooling.

Smart contracts auditing firm Hosho has laid off a significant number of staff, citing an increased amount of automated tooling, the firm’s co-founder and president Hartej Sawhney told Cointelegraph on Feb. 1.

While stating that the company did lay off a sufficient part of the team — the exact amount unspecified — Sawhney still noted that Hosho continues to be one of the leading firms in the industry of smart contract auditing and security, specifically in penetration testing.

The Hosho president explained that the staff reduction was caused by a complex set of circumstances, including the downturn in the amount of initial coin offerings (ICO), which is in part due to the major 2018 crypto bear market.

Speaking to Cointelegraph, Sawhney emphasized the fact that Hosho has been…



Read Full Story : Cointelegraph.com News

2019-02-01 18:28:00

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