Just because a project has been audited does not mean that it is safe. Not all audit companies are the same. I've been around the most degenerate parts of the altcoin space, and I've weeded out three audit companies that suck major ass. If you see these guys doing the site audit, just make sure you know the risk you're taking on.
Omniscia
These are the losers who "audited" the Iron.Finance site. If you were in on the debacle that was Iron.Finance, you know exactly why this company goes in the dogpile. (If you don't, just search it out on Publish0x.) What makes it so bad for most people — this isn't the first time Iron has fuckt its constituents. The protocol expanded to Polygon after fucking up on BSC with its wannabe stablecoin Steel. Omniscia did the audit for Steel as well. Fool me twice, shame on me.
TechRate
I can't even count the number of shit projects I've seen these guys rubberstamp. And that's what they are — a rubber stamp company that allows a site to put "Audited" on its page without being a 100% dirt dog liar. But I've seen these guys around so many failed Pancakeswap forks that I view their logo as a fuckin alarm rather than a safety net.
Protip: All of these fork sites that look the same come from the same group of people. Mini-whales often get together in Discord groups and pay loser devs to crank out fork site after fork site after fork site. Although they may lock liquidity and blah blah blah, they don't have to incorporate a direct scam in order to scam you. The slow drip of liquidity out of a platform is the new way to make money off of unsuspecting noobs. And yeah, you can make money off these sites if you know what you're doing. But that assumes you know what you're doing. If you don't, stay away from fork sites with TechRate audits.
RugDoc
I've started seeing these guys a bit too much around the fork sites as well. I mean, no company would have the time to fuckin audit the number of projects these guys get in! They'd have to work 30 hours a day or have a team of 100! And since I really haven't seen them on a legit site whatsoever, I must assume this is just another rubber stamp company. Might just be a logo, literally. In any case, caveat emptor if you see these losers displayed on the front page of a defi site.
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