Safeguarding Your Crypto: Meet the Defenders at CAT Labs
According to the analytical firm Cybersecurity Ventures, losses caused by cybercrime will increase by 15% annually and are expected to reach $10.5 trillion per year by 2025. To protect the assets of both the government and private investors, CAT Labs, a startup, is stepping in to provide solutions.
The ambitious project of CAT Labs aims to develop tools to combat crypto-crime, targeting both government organizations and private crypto-companies.
Source: twitter.com/CatCryptoLabs
CAT Labs capabilities
CAT Labs presents a repertoire of cutting-edge solutions for forensic examination, restoration of digital assets, and safeguarding cybersecurity. The developers anticipate these advanced tools to aid governmental entities and law enforcement agencies in the US and allied nations in tackling imminent challenges such as:
- Recovery of stolen digital assets;
- Identification and analysis;
- Asset seizure;
- Protection of investors from cybercriminals.
A major objective of CAT Labs is to prevent cyber attacks. The startup is currently developing a diverse range of services, including specialized programs and basic cybersecurity solutions, to safeguard investors from such a menace.
The current collaboration of CAT Labs with representatives from the private crypto sector aims to eliminate vulnerabilities and enhance cyber resilience. Rand Labs, a blockchain development laboratory specializing in Algorand technology, is among the startup's first clients. In particular, CAT Labs was involved in the investigation of the Algorand MyAlgo wallet exploit that resulted in a loss of $9.2 million.
We at CAT Labs see the incredible potential of distributed ledger technology as the future of the digital world. Our elite team of crypto forensics and cybersecurity professionals is working tirelessly to make this industry safe and secure by building tools to enable law enforcement to address crypto-enabled crime and by protecting investors from digital asset theft,stated Lilita Infante, the founder of CAT Labs.
At the beginning of April, CAT Labs raised $4.3 million in a pre-seed funding round led by Castle Island Ventures, Brevan Howard Digital, CMT Digital, and RW3 Ventures.
The team
Lilita Infante, the CEO of CAT Labs, is a former special agent of the US Department of Justice who established the first official cybercrime task force. She specializes in investigating cryptocurrencies and darknet activities, and is an expert in forensic blockchain analysis. In the past, she led investigations related to cryptography, including the Hydra Market case, the world's largest darknet market, which was a primary platform for laundering cryptocurrency.
Additionally, the crypto forensics and cybersecurity special ops team includes:
- Uri Stav, former Director of Security and Development at Digital Currency Group, is a specialist in digital assets and blockchain security;
- Misha Hanin is the Head of Technology Department and co-founder of Rangers, DeepDive Technology Group, and Gunbrig;
- John Hays is the Head of Digital Forensics and a former Forensic Examiner of the US Department of Justice;
- Monica Arias is the Head of Growth at CAT Labs and a former Business Development Manager at Chainalysis;
- Roger Hollman is the Head of Research and Development, a candidate for a doctorate at Dartmouth, and a computer security researcher at the Naval Information Warfare Center;
- Evelyn Cronnon, a cybersecurity analyst and ethical hacker.
We have a strong investment thesis to back exceptional founders building products and services in the crypto industry to better equip the public and private sector to detect and catch criminals and to better protect their internal systems from theft. Lili Infante, who previously spent 10 years at the US Department of Justice as a special agent and founded a DOJ task force focused on shutting down illegal networks using cryptocurrencies, is the ideal entrepreneur to bring these products and services to the market and we are thrilled to support her and the entire CAT Labs teamCollin Sullivan, Co-Head of Venture at Brevan Howard Digital, shared his thoughts.
