{"id":326543,"date":"2021-08-17T15:00:00","date_gmt":"2021-08-17T12:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tiger-global-backs-24m-funding-round-for-blockchain-security-firm-certik\/"},"modified":"2021-08-17T15:00:00","modified_gmt":"2021-08-17T12:00:00","slug":"tiger-global-backs-24m-funding-round-for-blockchain-security-firm-certik","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tiger-global-backs-24m-funding-round-for-blockchain-security-firm-certik\/","title":{"rendered":"# Tiger Global backs $24M funding round for blockchain security firm CertiK"},"content":{"rendered":"

“# Tiger Global backs $24M funding round for blockchain security firm CertiK <\/strong>”
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Blockchain security firm CertiK has concluded a $24 million funding round as part of its ongoing efforts to expand its product and security offerings for the decentralized finance, or DeFi, sector.\u00a0<\/p>\n

The funding round, which was co-led by Tiger Global and GL Ventures, comes on the heels of the successful launch of Skynet Premium, an active monitoring platform for DeFi app<\/a>lications. Since its inception, Skynet has monitored over 2 million smart contract addresses and over 2 billion on-chain transactions. <\/p>\n

Related: <\/em><\/strong>Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks<\/em><\/strong><\/p>\n

CertiK claims to have served over 1,300 enterprise clients to date. In the process, its platform detected over 23,000 vulnerabilities in blockchain code. <\/p>\n

Security exploits are nothing new for the cryptocurrency space. As the recent Poly Network hack demonstrated, crypto in general<\/a> and DeFi in particular are luring more sophisticated attackers due to the large sums of money involved. As Cointelegraph reported, the cryptocurrency market capitalization returned above $2 trillion last week for the first time since May, highlighting the monetary implications of coordinated attacks on the sector. <\/p>\n

Poly Network wasn\u2019t the only DeFi protocol to get attacked last week. The DAO Maker crowdfunding platform reportedly lost $7 million in an exploit targeting more than 5,200 user accounts. <\/p>\n

Last month, popular decentralized exchange THORChain fell victim to an attack that compromised $8 million worth of Ether (ETH). It was the second multimillion-dollar hack in as many weeks.\u00a0<\/p>\n

Related: <\/em><\/strong>Poly Network hack exposes DeFi flaws, but community comes to the rescue<\/em><\/strong><\/p>\n