The BKD777 is the standard ERC777 token whose mint and burn are controlled by redemptionController.
USDBK777 Contract is a smart contract, having functions like destroy, send, burn, batchTransfer, globalOperators, authorizeGlobalOperator, etc.
The USDBK777 contract inherits the IERC20, ERC777, SafeMath standard smart contracts from the OpenZeppelin library.
These OpenZeppelin contracts are considered community-audited and time-tested, and hence are not part of the audit scope.
Executive Audit Summery
According to the standard audit assessment, Customer`s solidity smart contracts are “ Secured”. Also, these contracts do contain owner control, which does not make them fully decentralized.
We used various tools like Slither, Solhint and Remix IDE. At the same time this finding is based on critical analysis of the manual audit.
We found 0 critical, 0 high, 1 medium and 2 low and some very low level issues.
All the issues have been fixed/acknowledged in revised contract code.