Cyvers

growth-negative

Cyvers, a web3 security company, has released a security report analyzing the major events, types of threats, and best practices for protecting assets in the DeFi space. The report highlights the increase in security vulnerabilities and hacking incidents in the web3 space, with over $3.1 billion lost by well-established projects and protocols. Cyvers provides practical guidance for minimizing risk and protecting assets, including establishing multi-sig, regular smart contract audits, real-time monitoring of smart contracts, and implementing hack prevention solutions. The company has developed a comprehensive platform to address these security needs. The impact of security incidents on the DeFi space is significant, tarnishing its reputation and hindering its growth. Cyvers aims to ensure the safety and security of assets in the evolving web3 space.

growth-positive

Israeli cybersecurity startup CyVers has raised $8 million in funding led by Elron Ventures. The funding will be used to develop proactive Web3 security for smart contract applications. CyVers platform collects cross-blockchain data and uses an analytics engine to predict evolving attacks and generate alerts. The companys customers include Bit2C, Solidus Capital, and CoinMama.