From Sep. 26, 2024 to Dec. 6, 2024 and from Feb. 21, 2025 to Feb. 28, 2025, Panther engaged Veridise to conduct a security assessment of their Panther Protocol. The security assessment covered the core smart contracts and zero-knowledge circuits of the Panther Protocol. Compared to the previous version, which Veridise has audited, the new version has undergone substantial refactoring (especially on the circuits side) and also includes several new features. Veridise conducted the assessment over 171 person-days, with 3 security analysts reviewing the project over 57 days. The review strategy involved a tool-assisted analysis of the program source code performed by Veridise security analysts as well as thorough code review.