Monday Apr 22, 2024
The Company That's Stopping Web3 Cyber Attacks
What if there is a company that can detect web3 cyber attacks and hacks before they happen?
In this episode Ian Andrews (CMO, Chainalysis) speaks to Gal Sagie, who is the Co-Founder and CEO of Hypernative, whose company is doing just that. Preventing malicious cyber threats aimed against the most important protocols and blockchains in the ecosystem,
Gal showcases Hypernative’s end-to-end security and risk prevention platform and shares insights into the importance of security in driving wider adoption of blockchain technology.
He discusses how Hypernative's platform has successfully detected and prevented hacks and exploits in the industry and highlights the need for a comprehensive security approach beyond traditional smart contract audits and emphasizes the role of real-time monitoring and automated actions in mitigating risks.
He also explains the accuracy of detection, the ease of onboarding and the need for his company to maintain low false positive alerts and the team’s focus to expand to more chains and protocols.
Minute-by-minute episode breakdown
2 | Overview of Hypernative and its mission in Web3 security
6 | Discussion on the importance of solving the security problem for wider adoption
10 | The speed of detection: 98% of attacks being detected 2 minutes or more before the first transaction
13 | Chainlink and other ideal users of Hypernative: protocols, chains and investors
16 | The focus on accuracy to minimize false positives and maintain trust
19 | The limitations of smart contract audits and the need for additional security measures
23 | The endless information available on the blockchain for security analysis and the goal to detect all potential risks with minimal effort from customers
27 |The importance of detecting and preventing attacks before any funds are lost
31 | Hypernative's roadmap for the year ahead and plans for expansion
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Website: Hypernative: Institutional Grade Web3 Security
- Twitter: Hypernative stops zero day cyber-attacks and economic risks
- Blog: Chainlink Labs and Hypernative Partner to Enhance Web3 Security
- Blog: Chainalysis Partners with Hypernative for Real-Time Security and Incident Response
- Press Release: ‘SEAL 911’ team of white hats formed to fight crypto hacks in real time
- Registration: Digital premiere of Links 2024 (NYC Main Stage Content - Register Now!)
- Blog: What You Need to Know About the Bitcoin Halving
- Podcast: Bitcoin Mining and Data Centre Innovations: Podcast Ep. 76
- YouTube: Chainalysis YouTube page
- Twitter: Chainalysis Twitter: Building trust in blockchain
- Tik Tok: Building trust in #blockchains among people, businesses, and governments.
- Telegram: Chainalysis on Telegram
Speakers on today’s episode
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Gal Sagie (Co-Founder & CEO of Hypernative)
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