CertiK Ventures has disclosed a $45 million investment to support high-potential initiatives to enhance the integration and Web3 security.
Certik Ventures, the investment branch of CertiK, has made a substantial, multimillion-dollar investment in promoting new initiatives in the industry intending to increase the adoption of Web3.
CertiK Ventures disclosed a $45 million investment on September 19 to support high-potential initiatives that will enhance the integration and security of the Web3 ecosystem.
CertiK Extends Web3 Security Reach with $45M and Law Enforcement Partnerships
This action follows CertiK’s official announcement of establishing its venture subsidiary in May 2024. The venture division will allocate resources to strategic investments in rapidly evolving blockchain projects while capitalizing on CertiK’s extensive blockchain security expertise.
Additionally, CertiK has maintained a close relationship with law enforcement, sharing evidence related to alleged crimes and other discoveries obtained through Know Your Customer verifications and its involvement with the largest industry participants.
CertiK recently identified a security vulnerability in LI.FI, a cross-chain transaction aggregator. As per the notice posted on the Cybers Alerts channel, numerous suspicious transactions have been identified, and users are recommended to terminate them. Meanwhile, the hacker successfully withdrew over $9.7 million, most of the funds being crypto stablecoins. Additionally, the hacker has continued to convert USDC and USDT into ETH.
CertiK Ventures Alert: Real-Time Crypto Threat Detection
CertiK asserts that it has provided security services for more than 4,700 initiatives in 150 countries in collaboration with prominent Web3 networks and companies such as The Open Network, Ripple, Aptos, and Binance.
CertiK Alert is a market monitoring tool dedicated to regularly monitoring and updating the ecosystem to safeguard investors from cryptocurrency hacks, scams, flash loans, and other emergent threats.
