As a seasoned analyst with years of experience in the cryptocurrency market, I find CertiK’s expansion into Web3 security particularly intriguing. With a $45 million investment and strong ties to law enforcement, they are undeniably positioning themselves as a key player in this rapidly evolving landscape.
The investment arm of CertiK is looking to expand Web3 adoption and has made a significant, multimillion-dollar investment in fostering new initiatives in the industry called Certik Ventures.
On September 19th, CertiK Ventures declared their plan to invest $45 million, with the aim of fostering promising projects that can enhance integration and security within the Web3 infrastructure.
CertiK Expands Web3 Security Reach: $45M, Law Enforcement Ties
Following the official launch of its venture wing in May 2024, as declared by CertiK, this sector will now channel funds towards promising blockchain initiatives with rapid growth. This will be done while taking advantage of CertiK’s extensive knowledge and expertise in the field of blockchain security.
Additionally, CertiK not only maintains a significant presence within the leading industry circles but has also maintained a long-standing partnership with law enforcement agencies. They have been providing relevant evidence concerning potential wrongdoings, as well as insights gained through their Know Your Customer procedures.
Lately, security firm CertiK found a weakness in LI.FI, a platform facilitating cross-chain transaction aggregation. A warning was issued on Cybers Alerts stating that questionable transactions have been spotted, and it’s recommended that users cancel them immediately. Unfortunately, the attacker has already withdrawn over $9.7 million, primarily in stablecoins, and is now converting USDC, USDT into ETH.
CertiK Ventures Alert: Real-Time Crypto Threat Detection
CertiK boasts of providing security solutions for more than 4,700 projects spread across approximately 150 nations, often collaborating with major Web3 networks and businesses such as The Open Network, Ripple, Aptos, and Binance.
As a dedicated researcher, I find myself constantly utilizing CertiK Alert – a powerful tool that keeps me informed about the ever-evolving landscape of cryptocurrency security. Its primary function lies in monitoring market activities, specifically focusing on incidents such as hacks, scams, flash loans, and novel threats. My goal with this invaluable resource is to safeguard investors by staying one step ahead in the fight against potential risks.
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2024-09-19 23:53