Have you heard about the CheckDot platform? They will audit the code of various blockchain projects and tokens and identify fraudsters. Do you think this can make the blockchain truly open and transparent?
I haven't heard about the project, but it sounds very promising. It is impossible to get rid of 100% of bugs and loopholes in code, but the more people read and understand a piece of code and then also fix bugs, the better it's quality will be in the long run.