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Blockchain Safety Startup BlockSec Raises $eight Million

By Ionut Arghire on July 13, 2022

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Blockchain safety startup BlockSec has raised $eight million in a seed funding spherical co-led by Vitalbridge Capital and Matrix Companions, with participation from CoinSummer, Mirana Ventures, and YM Capital.

Based in 2021, the China-based firm goals to safe the blockchain infrastructure, to determine blockchain weaknesses, enhance the safety of decentralized purposes, and stop cyberattacks.

The corporate says it may well safe the entire lifecycle of good contracts, that are used to automate blockchain transactions, to mitigate dangers related to cyberattacks and human error.

Offering safety audit providers to organizations within the Solidity and Rust ecosystems, BlockSec provides options for the monitoring of flash loans and transactions, to detect cash laundering makes an attempt.

BlockSec, which claims to have already recognized vital safety points within the Solana blockchain, intends to make use of the brand new funds to develop its analysis and manufacturing groups and to make its monitoring and assault prevention capabilities out there to extra decentralized purposes.

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