Company Overview
Snapshot
Founded in April 2022 by Omer Sadika, Yehonatan Scaly, and David Lachmish, dWallet Labs operates with 11–50 employees. The company has raised $12.5 million across two funding rounds from 15 investors. In August 2022, dWallet Labs secured pre-seed funding from lead investors Digital Currency Group.
Business overview
dWallet Labs is a cybersecurity company focused on blockchain technology. The company develops SingleWallet, an interface designed to interact with dWallets on the Odsy Network. Its mission is to build protocols and solutions atop the Odsy Network, providing a secure, programmable, and decentralized access layer for Web3. dWallet Labs also offers professional services and support to organizations building on the Odsy Network, operating within the Cyber Security sector, specifically in Network & Infrastructure Security, with core technologies in Cryptography and Tokenization. It serves markets including Media & Entertainment, Commerce & Retail, and Financial Services, targeting virtual worlds, digital goods, and virtual currencies.
Strategic signal
In May 2023, dWallet Labs identified a critical vulnerability in Tron's multisignature accounts, which put over $500 million of digital assets at risk. This discovery highlights dWallet Labs' expertise in blockchain cybersecurity and its role in identifying significant security flaws within the Web3 ecosystem. For investors, this signals the company's technical capability and potential for market leadership in securing decentralized finance, despite the negative implications for the broader blockchain security landscape.
Log in to access full profile ›Company Intelligence Q&A
- What significant cybersecurity vulnerability did dWallet Labs identify?
- In May 2023, dWallet Labs identified a vulnerability in Tron's multisignature accounts that could allow an attacker to bypass the multisignature mechanism and sign transactions with a single signature, putting over $500 million of digital assets at risk.
- When was dWallet Labs founded and by whom?
- dWallet Labs was founded in April 2022 by Omer Sadika, Yehonatan Scaly, and David Lachmish.
- Which investors participated in dWallet Labs' pre-seed funding round?
- In August 2022, dWallet Labs raised pre-seed funding from lead investors Digital Currency Group.
- What is the primary product developed by dWallet Labs?
- dWallet Labs is building SingleWallet, the first interface designed to interact with dWallets on the Odsy Network, providing a secure, programmable, decentralized access layer to Web3.
- What is the total capital raised by dWallet Labs and across how many rounds?
- dWallet Labs has raised a total of $12.5 million across two funding rounds.