Sunday, July 14

DVP Received USD 2 Million from Kryptos Research for Security Technology Innovation

Though it has been decades since the debut of Bitcoin, the blockchain industry is still in an early stage with plenty of vulnerabilities undetected or undiscovered. Committed to providing users with the most comprehensive protection, DVP has been doing its best to find solutions for the security issues.

Since the inception in 2018, DVP has grown into the world’s largest decentralized white hat community based on the idea “vulnerability is mining”. So far, over 15,500 white hats have detected more than 6,000 vulnerabilities and protected over 2,000 registered vendors on the DVP platform. In turn, around $10 Million rewards were distributed to white hats.

As security issues have aroused more and more attention of crypto participants, the long-term value of DVP has gradually been recognized by this industry. Kryptos Research, a research-oriented investment & digital asset management agency, decided to deepen the cooperation after in-depth research and witnessing the recent progress of DVP.

After months of research and development, DVP launched several user-friendly tools.In the past year, the growth of DeFi took the crypto world by storm, but there was also a great increase in the number of hacks and security breaches in the ecosystem. To solve problems at the source, DVP has paid great attention to developing automated detection and audit tools supported by the expertise of the DVP white hat community, since last year. Furthermore, DVP starts to focus more on the monitor and risk warning of flash loan incidents from 2021.

Having recognized the capability of DVP and what DVP would bring to the entire industry, Kryptos believes that DVP will be the best guardian of the industry and one of the leading project in the security domain. That’s why Kryptos made the decision to offer $2M funds and all other resources needed to the future development of DVP and build walls of protection for the blockchain world.

With the support from Kryptos, DVP promises to put more efforts and resources into research and development of innovative technologies, as well as user education. It’s expected to see more security related products going live in the near future.

About Kryptos Research

Kryptos Research is a research-oriented digital asset investment & management firm. With a team of well-experienced managers from top VC firms, leading exchanges, high-quality project teams and quant funds, Kryptos has taken root in blockchain for years and is backed by a wealth of experience. Up to now, the assets under kryptos management has reached 30 million US dollars. As a patient capital, Kryptos is expert in discovering the most disruptive and influential technologies and innovation projects in this industry, providing them with liquidity, funds,  technology, international community and operations support, thus gaining growth together with those projects.

About DVP

DVP (Decentralized Vulnerability Platform) endeavors to establish an anonymous security crowd-testing community by blockchain technology, on the basis of the core concept that vulnerability is mining. Committed to solving the security crisis of blockchain enterprises, DVP builds a bridge for all community participants, including vendors, security agencies and white hats, to minimize the risk of vulnerability exposure at the lowest cost and safeguard the blockchain ecosystem.


Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No A News Week journalist was involved in the writing and production of this article.