The daily investment scoop. And much more can be reported. The panic orchestra argues mostly with a prognoses, might be right, might be wrong, ot a calls of retired seniors or companies which ask in a somehow strange and bully way for more taxmoney.
Today success to report is the Israeli start-up ‘Chaos Labs’. It raised awesome $20 million. Obviously investors do not shun away from Israeli start-ups and companies.
Chaos Labs is Tel Aviv and New York is the first highly automated economic security system for crypto protocols. International investors are on board. The seed funding led by Galaxy and PayPal Ventures, with participation from Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey and top angels such as Balaji Srinivasan and Naval Ravikant.
The press release explains: “Protecting crypto protocols against economic system exploits and insufficient risk parameters has never been more important, and new security paradigms are required.
According to The Block, total funds lost in 2022 to DeFi exploits reached $2.05 billion, a 48% increase from 2021 as malicious actors and nation states are using increasingly creative methods to exploit on-chain protocol vulnerabilities.
Chaos Labs was founded to solve this, securing protocols against economic vulnerabilities and market manipulation events. The company is the first automated risk management platform for crypto, operating best-in-class security practices including robust agent- and scenario-based simulations.
Working with Chaos Labs, teams can optimize user capital efficiency and more quickly adapt to ever-changing crypto markets – helping them stay competitive without compromising on the security of their protocol.”
Chaos Labs’ CEO and Founder, Omer Goldberg. said: “At Chaos Labs, we believe that every DeFi protocol must regularly conduct robust risk testing to verify and validate that their economic system is secure against hackers and unanticipated volatility. We’ve built a team of expert security and infrastructure engineers, and we’re working to solve for this by bringing world-class security and risk practices in running simulations of millions of economic scenarios on-chain.“
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