MiCA, the EU's Markets in Crypto-Assets Regulation, has been fully applicable since December 2024, bringing Crypto-Asset Service Providers under a licensing and supervisory framework similar in rigour to existing investment-firm regulation, including explicit ICT risk management expectations that overlap with DORA for many CASPs.
We test the platform, custody infrastructure and ICT risk documentation together, wherever in the EU you are licensed.
We test your trading or exchange platform, custody and wallet infrastructure, and client onboarding flows, and run an ICT risk gap analysis mapped to what your national competent authority expects for MiCA licensing and ongoing supervision.
Why it matters
Crypto platforms combine a high-value, often irreversible transaction environment with custody obligations closely resembling holding bearer assets. National regulators across the EU are applying real supervisory scrutiny to CASPs under MiCA, and DORA layers additional operational resilience requirements on top for entities that meet its scope.
What we test
- CASP trading / exchange platform penetration testing
- Custody & wallet infrastructure security testing
- Key management & wallet separation review
- Client onboarding & KYC/AML data exposure testing
- API & third-party integration testing
- MiCA ICT risk gap analysis
Common vulnerabilities we uncover
- Weak separation between hot and cold wallet infrastructure
- Private key management with single points of failure
- KYC/AML data exposed through weak access controls
- Third-party liquidity or custody integrations with excessive trust
- Missing ICT risk documentation for MiCA licensing or supervision
- Unclear incident response process for custody incidents
Our methodology
- Scoping & rules of engagement. We agree objectives, targets and boundaries for your mica penetration testing, so testing is safe, authorized and focused on what matters to your business.
- Reconnaissance & mapping. We enumerate the full attack surface in scope, building a complete picture before any exploitation begins.
- Manual exploitation. Our senior testers chain vulnerabilities by hand — going far beyond automated scanners — to prove real, demonstrable impact.
- Analysis & reporting. Every finding is triaged, risk-rated with CVSS and written up with a copy-paste reproduction and clear remediation.
- Remediation support & free retest. We support your team through the fixes and retest the remediated issues to confirm they are genuinely closed.
Tools & techniques
We manually test the platform, custody and wallet infrastructure, and any third-party liquidity or on/off-ramp integrations, with particular attention to key management and hot/cold wallet separation — the attack surface that distinguishes a CASP from a standard investment firm.
When you need this engagement
- You are applying for, or hold, a CASP licence under MiCA anywhere in the EU
- You are launching a crypto exchange, custody or wallet service
- Your licensing application needs ICT risk or security testing evidence
- You are in scope for DORA as well as MiCA
- You need a technical assessment of custody and key management specifically
What you receive
- Platform & custody penetration test report
- Key management review
- MiCA ICT risk gap analysis
- KYC/AML data exposure findings
- Prioritised remediation roadmap
- Free retest after remediation
What’s included in your report
Every mica penetration testing engagement concludes with a comprehensive, board-ready report and a working session to walk your team through it. Your report includes:
- An executive summary with overall risk posture for non-technical stakeholders
- Detailed technical findings, each with a step-by-step, copy-paste reproduction
- CVSS v3.1 severity ratings and business-impact context for every issue
- Prioritized, actionable remediation guidance your engineers can apply directly
- A complimentary retest to confirm fixes and update finding status
- A formal attestation letter for customers, auditors and compliance programs
Standards & frameworks
MiCA (EU 2023/1114)
DORA (where applicable)
Outcomes you can expect
After your mica penetration testing, you will have clear, evidence-based visibility into your real security risk — not a scanner’s guesswork. You will know exactly which weaknesses an attacker could exploit, what the business impact would be, and the precise steps to fix them in priority order. Teams use our findings to close critical gaps, satisfy customer and regulator security requirements, and demonstrate due diligence to their board. With a complimentary retest included, you also get documented proof that the issues are genuinely resolved.
Engagement details & logistics
Every mica penetration testing starts with a short, no-obligation scoping call to understand your goals, environment and constraints, followed by a fixed-price proposal and a clear statement of work. Most engagements are delivered fully remotely, with on-site work arranged where it genuinely adds value. Throughout testing we maintain an agreed communication cadence and escalate any critical, high-impact finding to you immediately rather than waiting for the final report. All work is performed under a signed NDA with strict data-handling controls, using safe, non-disruptive techniques and carefully coordinated rules of engagement to protect your production systems. On completion you receive your report and a walkthrough session, followed by a complimentary retest once your fixes are in place. Typical engagements are booked one to three weeks in advance, and urgent or pre-deadline testing can often be accommodated — just ask at hi@agentoffense.com.
Why organizations choose AgentOffense
Our mica penetration testing is delivered by senior offensive-security engineers who test the way real attackers do — manually, creatively and with a relentless focus on proving genuine, demonstrable impact. Here is what sets our engagements apart:
- Manual, exploit-driven testing that chains vulnerabilities the way a real attacker would, going far beyond what automated scanners can find.
- Reproducible proof for every finding, with copy-paste reproduction steps your engineers can follow and independently verify.
- Honest severity calibration so you invest in fixing what genuinely matters and avoid wasting effort on false positives and noise.
- Clear, business-focused reporting that speaks to engineers and executives alike, tying every issue to real-world impact.
- A complimentary retest included, so you get documented proof that your fixes actually close the attack path.
- Responsible, collaborative delivery with a named point of contact and secure handling of all data throughout the engagement.
Explore related services
MiCA Penetration Testing is frequently scoped alongside our other offensive-security services for broader coverage. Explore related engagements that complement it:
How much does MiCA Penetration Testing cost?
Every mica penetration testing is scoped and priced individually, so you pay for exactly the coverage you need — with no hidden extras. After a short, no-obligation scoping call we send a fixed-price quote, usually within one business day, with clear deliverables, a firm timeline and a complimentary retest included. The price of your mica penetration testing depends on the size and complexity of the target and the depth of testing required, so you always know the cost up front before any work begins.
Get a fixed-price quote
Frequently asked questions
Does MiCA require penetration testing?
MiCA does not name penetration testing by that exact term, but its ICT risk management expectations, increasingly aligned with DORA, are in practice evidenced through security testing during licensing and ongoing supervision.
Does this cover DORA too?
Where your CASP meets DORA's scope as a financial entity, we can align a single engagement to cover both MiCA and DORA evidence requirements.
What matters most for custody?
Key management and the technical separation between hot and cold wallets — the specific area that distinguishes a CASP's risk profile from a standard investment firm.
Do you test smart contracts?
Where your platform interacts with or deploys smart contracts, we can scope that separately alongside the platform and custody testing.