Cyvers and Station70’s solution uses an AI-powered real-time threat detection system to protect institutional-grade crypto transfers, aiming to bolster mass adoption.
Web3 security firm Cyvers has partnered with Station70 to launch the first industrial-grade transaction security solution to solve an over $4 billion vulnerability and increase institutional trust in the crypto space.
The new solution, Secure Signers, aims to create more protection around institutional cryptocurrency transfers, according to an announcement shared exclusively with Cointelegraph.
The recent $54 million hack on BTCTurk and the $52 million BingX hack showcase the need for more robust transaction signing systems. These growing attacks were the reason for the development of a new security solution, according to Deddy Lavid, the CEO of Cyvers.
