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Thursday, September 18, 2025
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Moria Partners with Hashlock to Conduct a Security Audit of Their Smart Contracts

The Moria Hashlock Audit has been initiated to make sure that smart contracts are safe and sound. Moria, a platform based on blockchain, has teamed up with Hashlock, a top blockchain security company, to do a full audit of its smart contracts.

Moria Protocol is an open-source DeFi platform on Bitcoin Cash that allows users to borrow MUSD, a USD-pegged stablecoin, by locking BCH as collateral, with flexible interest rates and fully transparent oracle-backed pricing. In its V1 upgrade, borrowers can set their own rates, creating a market-driven, capital-efficient model where loans can be redeemed by third parties to maintain peg stability, and undercollateralized positions are liquidated below a 120% threshold. With incentives aligned to sustain its floating peg and tradeable loan NFTs, Moria empowers BCH holders to access liquidity without selling their assets, earn yield through liquidity provision, and participate in a transparent and customizable borrowing ecosystem . The Moria–Hashlock partnership shows that they are taking a proactive approach to finding and fixing possible weaknesses in smart contract code.

As Cryptopolitan described it, Moria is emerging as a “USDT-killer” — providing transparency, verifiability, and censorship resistance where centralized stablecoins lack. Moria’s launch follows a pre-release test phase in which an early prototype of MUSD circulated live on mainnet. During this phase, the protocol drew comparisons to USDT — not for similarity, but as a radical departure from custodial models. MUSDv1 introduces a novel borrowing framework: borrowers define their own interest rates, undercollateralized loans can be redeemed by third parties, and every position is transparently verifiable via on-chain Proof-of-Reserves. The contracts are open-source, immutable, and enforce decentralized collateralization through a set of tightly scoped, well-commented smart contracts.

Hashlock’s audit confirms this. Through comprehensive manual review and supporting automated analysis, the code was found to be secure, logically ordered, and constructed with clear intent. Moria’s architecture minimizes centralization, reduces attack surface, and reflects strong adherence to best practices in secure protocol design.

All issues uncovered during automated and manual analysis were meticulously reviewed, and applicable vulnerabilities are presented in the Audit Findings section.

The Moria Hashlock audit aims to help the project build more trust and openness in its blockchain ecosystem.

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