Public Report

// audit details
Public report

Trustless Work

smart-escrow-platform

design reviewformal modellingformal verificationcode reviewfuzzing
September 12, 2025StellarCode Review Audit

Critical / High

19Highest severity

Medium

4Moderate risk

Low / Informative

29Lower severity

Report files

1Downloadable assets

Audit lifecycle

Public reports represent completed engagements with finalized deliverables.

Completed
1

Completed

Scheduled

Scope, timeline, and review plan were agreed.

2

Completed

In Progress

Manual review and verification work were carried out.

Current stage

Completed

The engagement wrapped with a published final report.

Executive Summary

High-level assessment and conclusions

A concise overview of the audit scope, core findings, and the key outcomes from the engagement.

Trustless Work engaged Runtime Verification, Inc. to audit its smart contracts between August 5th and September 12th, 2025. The audit assessed security, correctness, and potential vulnerabilities, providing recommendations to enhance reliability.

Trustless Work enables trustless payments via smart contract escrows, securing funds until clients approve milestones. Stablecoins like USDC are commonly used, but any token can serve as the escrow’s trustline. Escrows act as vaults controlled by smart contract logic and user roles with defined responsibilities.

The audit involved comprehensive manual code review and formal verification, including invariant analysis and testing across state transitions. A limited three week review of the TypeScript backend identified recurring architectural and security issues, suggesting potential additional vulnerabilities.

Findings ranged from critical to informative, with recommendations to address all issues, perform further internal review, and conduct a follow-up audit of the backend and remediated components before securing significant value.

Reports

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1 file

PDF report 1

Trustless Work.pdf

Download the published report for this engagement.

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