Miami-based startup Halborn closed a $90 million Series A funding round.
The lead investor was Summit Partners with the participation of Castle Island Ventures, Digital Currency Group, and hedge fund Brevan Howard. The startup did not disclose its valuation for the round.
Halborn chief executive Rob Behnke, in a comment to Bloomberg, stressed that the project's focus on cybersecurity "gives it some immunity to cryptowinter."
“The price of the cryptocurrency has nothing to do with our business. What is important is that the whole industry is growing,” said the top manager. He also drew attention to the activity of hackers targeting digital assets. Halborn currently works with Coinbase, Solana, and Ava Labs. The specialists also advise Amazon, BNY Mellon, Nike, family offices, and venture capital investors on risk mitigation.
"They want to make sure they don't get hacked and lose all their money," Behnke explained.
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In June, Halborn researchers discovered a vulnerability in most browser wallets, including MetaMask. The developers of the latter fixed the problem in the new version.Previously, the deBridge Cross-Chain Interoperability and Liquidity Transfer Project team stated that the product has passed security audits from Halborn.
Recall that in the first quarter of 2022, hackers and scammers withdrew more than $1.22 billion from various protocols. The largest was the incidents with Wormhole and Ronin — $319 million and $625 million, respectively.
In the second quarter, the total losses of crypto projects as a result of hacks and fraud exceeded $670 million.
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Industry-targeting hackers have stolen $1.97 billion in assets since the beginning of the year, according to Atlas VPN.