The Sleuths Who Protect Crypto From Hackers Are Raking in Money – Bloomberg

With criminals including North Korean hackers increasingly targeting the sprawling software infrastructure underpinning the cryptosphere, firms that sift through code for weaknesses and run bug-hunting sites are finding themselves with more business than they can handle. As mass firings become the norm elsewhere in crypto, they’re boosting hiring, raising prices and taking in fresh funding.

Their rising fortunes underscore how the industry is waking up to the threat of sophisticated hackers who have stolen roughly $2 billion from digital-asset protocols this year, according to researcher Chainalysis, which says such attacks show few signs of slowing.

With so much at stake, crypto security services are moving from the “nice to have” spending category to the “must have” bucket, even for bootstrapping startups and community-driven projects.

Source: The Sleuths Who Protect Crypto From Hackers Are Raking in Money – Bloomberg