Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks

Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks


Blockchain security firm CertiK announced Wednesday that it has received $37 million in fresh financing to expand its product and security capabilities for the cryptocurrency and DeFi industries. 

“We’re proud to advance transparency in the space by providing the tools and resources – including our official audit reports – so the community can make sense of vital security information,” said CertiK co-founder Professor Ronghu Gu.

Kai Jiang, a partner at Coatue Management, said blockchain security is becoming increasingly important amid the DeFi revolution:

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“Decentralized finance has grown enormously over the last 18 months, giving millions of people access to innovative financial tools and savings products. With such rapid innovation, security is of the utmost importance.”

CertiK has gained popularity for its Skynet platform, which uses on-chain and off-chain data to provide real-time insights into the security status of DeFi applications. To date, Skynet has monitored over 2 million smart contract addresses and more than 2 billion on-chain transactions, the company said.

As Cointelegraph

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