CertiK Reaches for the Skies With the Release of Its New Security Services

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CertiK , the leading global Web3 and blockchain security firm, today announced the launch of several web3 Skynet security features to bolster end-to-end security for the web3 world.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, July 13, 2022
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Technology, Security, Blockchain, Insight Partners, Blockchain, Tiger Global Management, Multimedia, Goldman Sachs, Sequoia, Risk, Advent International, Machine learning, KYC, Web3, Twitter, Hillhouse Capital Group, Cryptocurrency, Online shopping, Speed of light, Skynet
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NORTH AMERICA, UNITED STATES, IRELAND, UNITED KINGDOM, EUROPE, NEW YORK, NEW YORK CITY
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CERTIK
Summary
Key Points: 
  • CertiK , the leading global Web3 and blockchain security firm, today announced the launch of several web3 Skynet security features to bolster end-to-end security for the web3 world.
  • As part of its strategy, CertiK set out on a mission to address both business and consumer value services through its security leaderboard found on its website.
  • To date, CertiK has flagged over $1.45 Billion in security incidents since the release of the service in February this year.
  • CertiK is meeting these demands through innovative products like Security Leaderboard, Code Auditing, KYC and now this next series of Skynet security features.


CertiK, the leading global Web3 and blockchain security firm, today announced the launch of several web3 Skynet security features to bolster end-to-end security for the web3 world. New features include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220713005136/en/

Figure: Skynet Trust Score, Cohort Analysis Panel, and honors badges (Photo: Business Wire)

Figure: Skynet Trust Score, Cohort Analysis Panel, and honors badges (Photo: Business Wire)

  • Skynet Trust Score - a new scoring mechanism aimed at simplifying the definition of crypto project risk, increasing transparency into scoring mechanisms and demonstrating market health.
  • Skynet Cohort Analysis Panel - a way for projects to see how they rank against other similar projects in order to help users contextualize the risk of a project by displaying its performance against comparable projects.
  • Badges and honors for project achievements to strengthen credentials in their respective fields

The Skynet service, launched in June 2021, uses a comprehensive set of signals, curated from code scanning analysis, on chain security analytics, and machine learning to provide 24/7 monitoring of threats for crypto projects. To date, Skynet has helped to protect and monitor over 4 billion transactions.

As part of its strategy, CertiK set out on a mission to address both business and consumer value services through its security leaderboard found on its website. Delivering on this promise, CertiK’s release of new Skynet features provides further simplicity and transparency to consumers around project risk, while also giving credit to projects where needed through badges and honors.

“We’re very excited to launch these new Skynet features,” said Kevin Liu, Chief Product Officer at CertiK. “Through feedback from customers and the community, we’ve recognized the need to innovate around security risk in a simpler way that caters to both business and consumer needs. This is just the beginning of our journey as we continue to innovate in response to community needs and deliver on our promise of securing the web3 world.”

As part of its portfolio expansion, CertiK also recently released on its Twitter an autonomous security alert channel, which provides real-time alerts to the community on hacks, flash loan attacks, rugpulls and suspicious activity. To date, CertiK has flagged over $1.45 Billion in security incidents since the release of the service in February this year.

The growing demand for Web3 security has driven further development and operation of more innovative and data-driven security products for the blockchain industry. CertiK is meeting these demands through innovative products like Security Leaderboard, Code Auditing, KYC and now this next series of Skynet security features.

About CertiK

CertiK’s mission is to secure the Web3 world. Starting with blockchain, CertiK applies cutting-edge innovations from academia into Enterprise, enabling mission-critical applications to be built with security and accuracy. Headquartered in New York City, CertiK was founded by computer science professors Ronghui Gu and Zhong Shao. CertiK is backed by industry leaders, including Insight Partners, Tiger Global, Sequoia, Coatue Management, Advent International, Goldman Sachs, Lightspeed, SoftBank Vision Fund 2, Hillhouse Capital, Binance, Coinbase Ventures, and more. To learn more, please visit https://www.certik.com/.

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