Code Audit- a community discussion only

Has there been an audit conducted by a independent third party that can or has vetted coding across abracadabra?

There are numerous horror stories about projects not undergoing a security review to ensure the project is sound and waking up one day to find out millions have been hacked or false code injected into project and boom :boom:, instant loss of millions of Spell, spell, MIm, etc.

What are your thoughts on third part audits? I’m certain it’s costly and I don’t see any reserve funds set aside for auditing and security.