According to TechFlow, BENQI, a staking and lending protocol on Avalanche, announced a partnership with Chainalysis to strengthen BENQI Markets' emergency response plan.

In the event of theft, unauthorized access or exploitation, including unauthorized transfer of funds, the Chainalysis CIR service kicks in immediately. Chainalysis quickly tracks the funds and supports asset recovery efforts.

BENQI said Chainalysis’ CIR program is the ultimate rapid response service for cyberattacks involving cryptocurrency theft.

The team has been active in major attacks and hacking operations, including Nomad, Harmony, Ronin Bridge, and more, gaining valuable experience, making them the perfect partner to assist with incidents like these.