Cyvers

Cyber Security & PrivacyActiveEngineering and InfrastructureAll

Aug 1

Written By AB

Deddy Lavid (L) and Meir Dolev (R) , CoFounders of Cyvers

Cyvers is a blockchain security company that detects Cryptocurrency attacks in real-time using cutting-edge geometric ML. Analysis teams have a complete, current, and correct picture of their DeFi data status across all Blockchain protocols and internal cyber business data. Thanks to Cyvers' Security Operation Platform for Web 3.0 businesses, security, compliance, fraud, and risk teams can automatically identify and respond to incidents across the entire crypto attack surface. Once an attack is detected Cyvers can freeze illicit transactions and return stolen funds to the owner’s account.

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Today, Cyvers announced it has raised $8 million in seed funding to protect against fraudulent cryptocurrency purchases before reaching the ledger. What makes this critical is that in 98% of the cases, crypto exchanges, DeFi protocols, and custodians are not alerted about the fraud until after it has been immutably registered.

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