Odaily News Crypto security platform Blockaid recently completed a $50 million Series B financing round led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. The financing will help Blockaid cope with the growing risk of cybercrime in the digital asset sector. In 2024, Blockaid successfully blocked 71 million potential attacks and avoided $5.3 billion in losses. The company expects that as users grow and token prices rise, cyberattacks will surge to "hundreds of millions" in 2025. Blockaid plans to use the funds to expand operations and increase investment in research and development, and expects to double its headcount this year. The company's CEO Ido Ben-Natan said the company is currently facing the challenge of staff shortages due to changes in the U.S. regulatory environment and a surge in demand. (Bloomberg)