Cove security review

Pashov Audit GroupCode version: not recorded (see the report)

Pashov Audit Group reviewed Cove (Cove security review) on 16 Jan 2025: 23 findings, 0 critical; 20 marked fixed, 3 acknowledged.

No open critical findings
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Report hosted on GitHub.

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Findings23

Statuses are the security firm’s own, from its report.

SeverityOpenAcknowledgedFixed
Critical000
High002
Medium005
Low0313
HighIncorrect basket USD value will cause incorrect resultsFixed

The report gives no description here.

HighThe target weight check does not account for redeem request assetsFixed

The report gives no description here.

MediumDeviation check upon validating external trades is unidirectionalFixed

The report gives no description here.

MediumLoss of surplus if ERC-1271 order allows arbitrary dataFixed

The report gives no description here.

MediumMissing ERC20Permit init call in initialize()Fixed

The report gives no description here.

MediumorderValidTo assumes stepDelay is always 15 minutesFixed

The report gives no description here.

MediumupdateBitFlag does not update the index of the base assetFixed

The report gives no description here.

LowexecuteTokenSwap can be called with empty externalTradesFixed

The report gives no description here.

LowExternal trades tradeOwnership is not validatedFixed

The report gives no description here.

LowFully claiming fees requires a batch of 2 claimsFixed

The report gives no description here.

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LowHardcoded slippage is dangerousFixed

The report gives no description here.

LowLack of restriction on BasketManager's executeFixed

The report gives no description here.

LowMalicious users can decrease management fees accrualFixed

The report gives no description here.

LowManagement fees might not accrueFixed

The report gives no description here.

LowManagementFee calculation does not match the documentationFixed

The report gives no description here.

LowNot transferring already collected claimableSponsorFeesFixed

The report gives no description here.

LowPrecision loss in _processExternalTrades()Fixed

The report gives no description here.

LowproRataRedeem() lacks a check to verify if msg.sender is the operatorFixed

The report gives no description here.

LowThe rebalance requirement check is too sensitiveFixed

The report gives no description here.

Lowtrade.maxAmount check in the _processInternalTrades()Fixed

The report gives no description here.

Contracts in scope

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Part of Cove’s security record

Cove
Audits2 audits by 1 firmLast audit Apr 2025, by Pashov Audit Group.
Critical findingsNo open critical findingsAcross 2 reports.
Open Cove’s security record

Security firm

Pashov Audit Group

30 projects reviewed · 53 reports · latest Jul 2026

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