Key Notes

Key Notes:

Blockaid secured $50 million in Series B funding to strengthen crypto security.Investors include Ribbit Capital, GV (formerly Google Ventures), Variant, and Cyberstarts.Blockaid plans to use the fresh capital to scale its cybersecurity efforts by enhancing its research and expanding its workforce.

Crypto security firm Blockaid has raised $50 million in a Series B funding round to expand its fight against rising cyber threats in the digital asset space. According to a recent report by Bloomberg, the round, led by Ribbit Capital, also saw participation from GV (formerly Google Ventures), alongside existing investors like Variant and Cyberstarts.

With offices in Tel Aviv and New York, Blockaid plans to use the fresh capital to scale its operations, enhance its research and development, and expand its workforce. The firm aims to more than double its current team of 70 employees this year, getting ready to handle the growing cybersecurity challenges.

Notably, Blockaid has recently gained popularity for detecting cyberattacks, from malicious airdrops to scam memecoins. It instantly blocks malicious tokens as soon as they are sent to users, according to the official website. Last year, the company prevented 71 million cyberattacks, which could have resulted in losses of up to $5.3 billion.

However, with crypto adoption increasing and token prices reaching new highs, Ido Ben-Natan, Blockaid’s co-founder and CEO, warns that the number of attempted breaches in 2025 could climb into the “hundreds of millions.”

As the crypto market expands, so do the tactics used by cybercriminals. The rising market, driven by events such as the launch of spot crypto ETFs in the US and President Donald Trump’s pro-crypto stance, has made the sector a prime target for fraudsters.

According to blockchain analytics firm Chainalysis, the amount stolen by crypto hackers jumped 21% year-over-year, reaching $2.2 billion in 2024. Interestingly, last year, $40.9 billion in crypto transactions are calculated to be linked to illicit addresses. However, the actual figure could be closer to $51 billion based on historical data, according to Chainalysis.

“The regulatory environment in the United States has caused an influx of demand, and we honestly just don’t know what to do with it,” said Ben-Natan.

Authorities around the world are collaborating with domestic and international partners, including social media companies and blockchain-monitoring firms, to track and disrupt criminal networks.

Meanwhile, the US Federal Bureau of Investigation (FBI) has launched Operation Level Up, a proactive initiative targeting cryptocurrency investment fraud. Between January 2024 and January 2025, the operation successfully prevented over 4,300 potential victims from losing an estimated $285 million.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it’s dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.

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