📶📶Web3 security firm CertiK’s recently launched venture arm, CertiK Ventures, plans to invest $45 million of its funds in a new suite of products built in-house as well as other opportunities, the company announced in a statement on Thursday. 🥰🥰
“The official launch of CertiK Ventures during Token2049 completes CertiK’s full-chain security solution, enabling its upgraded product suite to support projects from their early stages to becoming major industry players,” the firm wrote.💯💯
In addition to investing in startups, CertiK Ventures plans to help fund two new free security tools, Token Scan and Wallet Scan,😘 designed to help users safeguard their assets from malicious tokens and wallet codes.
Backed by firms including Sequoia Capital, Tiger Global and Goldman Sachs, CertiK is currently valued at $2 billion, making it the highest-valued web3 security company in operation. The company claims to have worked with over 4,700 projects across 150 countries, including Ton, Ripple, Aptos and Binance.😎😎
In June, Certik stirred controversy after it withdrew some $3 million from Kraken after discovering a vulnerability and not immediately alerting the exchange. The firm has also been accused of front-running bug bounty programs. ✅✅
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