ChainCatcher news, Web3 security company Hypernative has completed a $16 million Series A funding round, led by Quantstamp. Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Re7 Capital, and others participated. Hypernative's total funding has reached $27 million.Hypernative offers a "real-time" risk monitoring platform designed to detect issues before a hacker attack occurs, giving users time to take action before any damage is done. The company states that its platform monitors on-chain and off-chain data, using artificial intelligence and machine learning tools to identify over 200 types of risks, including smart contract hacks, bridge security issues, and market manipulation.

ChainCatcher news, according to CoinDesk, blockchain security company Quantstamp has launched a new service "Economic Utilization Analysis" to combat flash loan attacks, which was developed in collaboration with researchers from the University of Toronto. The company stated that this new service can detect commonly used attack paths by attackers through automated tools before the protocol is attacked.

ChainCatcher news, according to Blockworks, the U.S. Securities and Exchange Commission (SEC) has charged Quantstamp with conducting an unregistered crypto security during its initial coin offering (ICO) in 2017. According to legal documents, Quantstamp raised over $28 million by selling QSP tokens to approximately 5,000 investors. The company planned to use the ICO proceeds to develop a protocol on the Ethereum blockchain that would provide automated security audits for smart contracts.Quantstamp agreed to settle the charges without admitting or denying the SEC's findings, paying a civil penalty of $1 million, along with nearly $2.5 million in illegal gains and pre-judgment interest.According to the documents, the automated smart contract security auditing platform built by the company in June 2019 is no longer operational.

Chain Catcher news, according to CoinDesk, the crypto venture capital firm Bloccelerate is raising a second fund with a target size of $100 million. The fund was established on August 25 and has raised $20 million from 26 investors.It is reported that Bloccelerate was founded in 2018 and has previously invested in MakerDAO, Avalanche, and blockchain security company Quantstamp. (Source link)