Risk Management & Incident Response Plan
 Effective Date: April 1, 2025
 Prepared by: Siriux Foundation – Risk & Compliance Office

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1. Purpose

This document outlines the Siriux Foundation’s approach to risk identification, assessment, mitigation, and incident response relating to its open-source, decentralized blockchain infrastructure (“Siriux Protocol” or “Protocol”). Although Siriux operates without custodial control or direct transaction facilitation, the Foundation commits to implementing industry best practices to promote user safety, platform integrity, and operational resilience.

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2. Risk Management Objectives

• Proactively identify technical, operational, legal, and reputational risks;
  
  

• Reduce the likelihood and impact of adverse events;
  
  

• Ensure swift, coordinated responses to security incidents;
  
  

• Maintain trust through transparency and accountability.
  
  

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3. Risk Categories

a. Technical Risks

• Smart contract vulnerabilities (e.g., reentrancy, overflow, logic flaws);
  
  

• Infrastructure failure or downtime (frontend, nodes);
  
  

• Upgrade bugs or deployment errors;
  
  

• Protocol design flaws or economic exploits (MEV, oracle manipulation).
  
  

b. Operational Risks

• Inaccurate documentation or governance procedures;
  
  

• Dependency on third-party infrastructure (e.g., RPC endpoints, analytics);
  
  

• Team or contributor key loss or compromise.
  
  

c. Legal & Compliance Risks

• Engagement with sanctioned jurisdictions;
  
  

• Regulatory classification uncertainty (esp. around token or interfaces);
  
  

• Data protection or privacy non-compliance.
  
  

d. Reputational Risks

• Negative media, community backlash, or exploit coverage;
  
  

• Loss of trust due to governance manipulation or perceived centralization.
  
  

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4. Risk Mitigation Measures

• Audits: All core smart contracts undergo external audits before mainnet deployment.
  
  

• Bug Bounties: Encourage community-led discovery and responsible disclosure of vulnerabilities.
  
  

• Redundancy: Multiple frontend access points, off-chain mirrors, and backup infrastructure.
  
  

• Multisig Controls: Treasury, upgrades, and sensitive actions gated by multisignature wallets.
  
  

• Open-Source Governance: Transparent decision-making and stakeholder feedback channels.
  
  

• Analytics Monitoring: On-chain monitoring of protocol health, usage anomalies, and flagged addresses.
  
  

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5. Incident Response Plan

a. Detection & Alerting

• On-chain analytics (via TRM, Chainalysis, etc.) flag irregular activity;
  
  

• Community bug reports or suspicious behavior alerts;
  
  

• Contributor or monitoring tools detect anomalies in usage patterns.
  
  

b. Classification & Assessment

• Triage event as Low, Medium, High, or Critical severity;
  
  

• Assess potential impact on users, protocol funds, or system stability.
  
  

c. Containment Measures

• Suspend front-end access to impacted features (if applicable);
  
  

• Coordinate emergency upgrade via multisig or validator consensus;
  
  

• Communicate issue internally and begin remediation work.
  
  

d. Public Communication

• Post incident notice on website, forum, and verified social channels;
  
  

• Disclose details, mitigation steps, and next actions transparently.
  
  

e. Post-Incident Review

• Conduct internal incident review and timeline reconstruction;
  
  

• Publish public post-mortem (if appropriate);
  
  

• Update protocol documentation and revise risk controls as needed.
  
  

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6. Roles and Responsibilities

• Risk Committee: Oversees risk register, assessments, and ongoing reviews;
  
  

• Incident Coordinator: Leads communication and coordination during a live incident;
  
  

• DevSecOps Team: Performs technical containment and code-level remediation;
  
  

• Governance Stewards: Facilitate proposals for protocol-level fixes or community votes.
  
  

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7. Reporting & Contact

• Vulnerabilities or incidents should be reported confidentially via:
   📧 security@siriux.ai
  
  

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8. Continuous Improvement

This plan is reviewed at least annually or after any significant incident. It evolves alongside the protocol, threat landscape, and community feedback.

The Siriux Foundation remains committed to safeguarding its ecosystem while upholding open, decentralized principles.