This also shows how little security probing is performed on cryptocurrencies and smart contracts. It took over a month and a huge bounty to find the bug in this

This also shows how little security probing is performed on cryptocurrencies and smart contracts. It took over a month and a huge bounty to find the bug in this contract. The likelihood of finding bugs in other currencies and contracts is extremely high despite millions of dollars of value relying on it. Most cryptocurrencies and smart contracts are copy and paste with little analysis of the underlying code. To the creators the incentive is to create something fast and without expending any extra effort. The losers are always the users who put their trust in the creators. An ideal open source decentralised system should allow the users to verify the claims of the creators but the reality is that the code and the systems around it are far too complex for any single person to be able to verify quickly. Does anyone know of any organisations that can vet smart contracts and provide insurance in case they get hacked or fail in other ways?