Blockaid secures $40M as Binance hack impact sharpens focus on crypto security

Blockaid has secured $40 million in commitments in the days after the $6.3 billion Binance theft, showing the hack’s impact on investment in crypto security. A person familiar with the fundraising told Axios Pro about the commitments. The breach, described as the largest cryptocurrency theft on record , has spurred investment in security platforms. Blockaid’s fundraising follows an attack that prompted the world’s largest crypto exchange to suspend transactions after billions of dollars in digital assets were affected. The Binance hack’s impact on security investment The Blockaid commitments arrived within days of the theft. Binance said early checks suggested the intrusion began with a compromised engineer’s laptop , which allowed attackers to make unauthorized transactions. The breach affected Binance.com; its US-facing platform said it was unaffected.

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