Cyvers Announces $8M Seed Round Led by Elron Ventures
Cyvers provides Web3 security through real-time detection and prevention of crypto attacks.
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Losses from hacks of DeFi protocols
Of all crypto stolen is from DeFi protocols
Average frequency of funds lost due to attacks
Save time and development effort
Focus on incidents that matters
100% Visibility and insights on your assets
Prevent risks to your business and users
The system analyzes on-chain and off-chain data, learns the current and historical behavior of the users on the fly.
Automatically and Proactively identify suspicious behavior using ML Anomaly Detection Technologies.
Alert the customer and take corrective actions in real-time.
DeFi applications are on-chain and funds here are always stored in the smart contract. Being open-source, hackers usually find bugs to exploit, often resulting in a loss of funds.
Financial institutions are responsible for huge amounts of their customers funds. They are a prime target for exactly this reason.
Often, exchanges use hot wallets that always stay online to facilitate fast trading, but unfortunately, it is a primary target for hackers.
Wallet providers give access to services to millions of users, but these solutions have no behavior monitoring that can mitigate potential attacks.
Do the Miners play a role in crypto criminal activity through the MEV?
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With Flashbots, you can address your transactions directly to the miners who will process them faster than others due to the higher fees they will get. But is it not a way from criminals to secure their illicit activity?
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If you run a DeFi or work in a Decentralized App environment and are unfamiliar with the cross-chain bridge security issues, we urge you to contact us!
Read more >Identifies patterns and anomalies across blockchains in real-time for proactive mitigation.
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