Cross-chain service provider Cosmos Hub has released a new proposal called "Unlicensed ICS Third-Party Audit", in which Simply Staking commissions Zellic to conduct a third-party security audit of the permissionless ICS function. The proposal aims to use community funding to audit the permissionless ICS function that allows anyone to create an opt-in consumer chain. The audit will be conducted by the well-known security company Zellic, with a total budget of approximately US$121,500 (approximately 24,850 ATOM), including Simply Staking's multi-signature fees for coordinating the audit and processing fund transfers. All remaining funds will be returned to the community pool. #zachxbt