Umia launches public testnet for token auctions and decision-market governance; Coinkcite warns of Coldcard Mk3 seed generation issue; Simile announces $200M Series B from Greenoaks.
Regulation & Gov ·
Umia has launched a public testnet for token auctions and decision-market governance functionality. A Certora security assessment identified 20 findings across the system, including two classified as high-severity settlement bugs; both issues were addressed and verified as resolved before the testnet went live.
The testnet release represents a milestone in Umia's development cycle, with the platform now open for public interaction and testing. The security review covered core auction and governance mechanisms, the components central to the system's intended operation.
Whether additional vulnerabilities or operational issues emerge during public testing remains to be seen. The scope and findings of the Certora assessment have been disclosed, but real-world usage patterns and edge cases will only surface as the testnet accumulates transactions and user activity.