Amid the crypto industry's myriad obstacles, hacks still rank at the top of the list. Despite the bear market, last year saw a historic spike, with nearly $4 billion stolen by cybercriminals, according to the analytics firm Chainalysis.
CAT Labs, a crypto crime-fighting startup founded by former Department of Justice special agent Lilita Infante, announced an initiative today to combat hacking, with backers including the digital asset custody provider Fireblocks, the crypto fund of funds Amphibian Capital, and the insurance giant Lockton.
