CASE STUDY · DEFI STABLECOIN PRIVATE CREDIT

Web, API, and cloud, reviewed as one system

A dual-track engagement for a DeFi private credit platform: a web and API pentest alongside a full AWS cloud audit, both pre-launch.

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/ Engagement

The scope, in short

ENGAGEMENT TYPE
Dual track: web application and API penetration test, plus AWS cloud security audit
SCOPE
Borrower and investor-facing web platform, all platform APIs, and full AWS cloud infrastructure, reviewed concurrently
INDUSTRY
DeFi, stablecoin private credit
/ Findings overview

Thirty-five findings across two layers

35
TOTAL FINDINGS
14
WEB AND API FINDINGS
21
CLOUD CONFIGURATION FINDINGS
/ Key risk areas identified

What the dual-track review found

01

Borrower and investor PII exposed through API responses without proper authorization checks.

02

Authentication gaps in financial transaction workflows enabling unauthorized operations.

03

Cloud infrastructure misconfigurations exposing internal services to the public internet.

04

Unprotected cloud storage resources potentially leaking transaction and user data.

05

IAM policy gaps in the cloud environment creating privilege escalation risk for internal roles.

06

Insufficient encryption for sensitive data in transit across platform components.

/ Outcome

The platform launched with full security clearance across both the application and cloud infrastructure layers.

/ Relevant for

If this looks like your environment, it probably behaves like it too

Fintech platforms handling borrower or lender data.

Companies needing combined web application and cloud infrastructure coverage.

Startups seeking comprehensive pre-launch security clearance.

/ FAQ

Questions engagements like this raise

Why test the application and the cloud infrastructure together?

Because a finding in one layer often depends on the other. An API authorization gap and a cloud storage misconfiguration can chain into a single exploit that neither test would fully explain alone.

What counts as a cloud configuration finding versus a web finding?

Web and API findings live in application logic: authentication, authorization, and data handling in the code your team wrote. Cloud findings live in how the infrastructure around that code is configured: network exposure, encryption, and IAM.

Is this the right scope for a pre-launch platform handling funds?

Yes. Combined coverage before launch is exactly the point: catching gaps in both layers before real user funds and borrower data are on the platform.

How long does a dual-track engagement take?

Typically three to four weeks running both tracks in parallel, followed by a retest cycle once remediation is complete.

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