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Blockaid secures $50M to combat rising crypto cyber threats Crypto security firm Blockaid raised $50 million in a Series B round led by Ribbit Capital, with participation from GV, Variant and Cyberstarts, according to Bloomberg. The funding comes as cyber threats in the digital asset space grow, with crypto hacks reaching $2.2 billion in 2024. Blockaid, which prevented 71 million attacks last year, plans to use the funds for expansion, R&D and doubling its workforce.

Crypto security company Blockaid has completed a $50 million Series B financing round, led by Ribbit Capital, with participation from GV (formerly Google Ventures), Variant and Cyberstarts. This round of financing will be used to expand the team and respond to the growing cybercrime risks in the crypto industry.

According to Fortune, Bridge, a global stablecoin payment network co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, announced that it has received $58 million in financing, with participation from Sequoia, Ribbit and Index. It aims to challenge traditional payment systems such as Swift and credit cards.

According to Foresight News, stablecoin payment application Sling Money has successfully raised $15 million in a Series A funding round. The round was led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Previously, Sling Money had also secured $5 million in seed funding, led by Ribbit Capital with participation from Slow Ventures. Sling Money integrates stablecoin technology with a user-friendly interface and seamlessly connects with fiat payment systems. This combination aims to facilitate more efficient and cost-effective global money transfers.

According to Foresight News, stablecoin payment application Sling Money has successfully raised $15 million in a Series A funding round. The round was led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Previously, Sling Money had also secured $5 million in seed funding, led by Ribbit Capital with participation from Slow Ventures. Sling Money integrates stablecoin technology with a user-friendly interface and seamlessly connects with fiat payment systems. This combination aims to facilitate more efficient and cost-effective global money transfers.