Hypernative Revolutionises Web3 Security by Pre-empting Hacks
Episode 104 of the Public Key podcast, hosted by Chainalysis, featured Gal Sagie, Co-Founder & CEO of Hypernative, discussing the company’s innovative approach to Web3 security. Hypernative is pioneering a security platform that detects and prevents cyber attacks on Web3 protocols and blockchains before they occur, aiming to safeguard the ecosystem’s most critical components. The platform offers comprehensive risk and security prevention, including smart contract vulnerabilities, market manipulation, and private key theft. Success stories include detecting and preventing attacks for non-customers like Prisma Finance, Woo Finance, and Radiant, highlighting Hypernative’s ecosystem-wide vigilance. Hypernative’s technology has proven effective, detecting 98-99% of on-chain hacks and exploits before the first transaction. Expansion plans include broadening its chain and protocol coverage, with a goal of encompassing all potential risks with minimal customer effort.
Bullish
The emphasis on preemptive detection and prevention of hacks by Hypernative represents a significant advancement in securing Web3 platforms and blockchains, which should inspire greater confidence among investors and traders. Historically, the revelation of robust security measures and partnerships for threat detection has had a positive impact on market sentiment, as it reduces the risk of loss due to cyber attacks. This news is likely to be perceived as bullish in both the short and long term as it not only mitigates current threats but also establishes a foundation for sustained security enhancements. Improved security protocols contribute to a more stable and trustworthy trading environment, encouraging further adoption and investment in the cryptocurrency space.