Key Takeaways
- Startup CAT Labs, founded by a former DOJ Special Agent, raises $4.3 million in pre-seed funding to build forensic and cybersecurity tools to combat crypto crime.
- The global cost of cybercrime is expected to reach $10.5 trillion by 2025, with crypto-targeted crimes posing a significant threat to the Web3 and DeFi revolution.
- CAT Labs is developing digital asset recovery tools and proactive cybersecurity solutions for both government and private sector customers.
Introduction: CAT Labs Takes on Crypto Crime
As the world of digital assets and cryptocurrencies continues to expand, so does the prevalence of crypto-enabled crime. To address this growing issue, CAT Labs, a startup founded by former DOJ Special Agent Lilita Infante, has raised $4.3 million in pre-seed funding to develop forensic and cybersecurity tools to combat crypto crime and improve security in the digital asset ecosystem.
Building Digital Asset Recovery Tools
The global cost of cybercrime is projected to reach $10.5 trillion by 2025. In response, CAT Labs is developing digital asset recovery tools that specialize in finding, identifying, analyzing, and seizing digital assets in criminal cases. These tools aim to enable US government agencies, state and local police departments, and US-allied countries to accurately and efficiently process digital assets involved in criminal investigations.
Proactive Cybersecurity Solutions
In addition to helping governments address crypto-enabled crime, CAT Labs is building proactive cybersecurity tools to prevent hacks, scams, and fraud from occurring in the first place. These solutions range from virtual cybersecurity support for crypto firms to specialized crypto cybersecurity tools. By working closely with private sector customers, CAT Labs aims to resolve highly-visible hacks and strengthen cybersecurity systems.
The Team Behind CAT Labs
The executive team at CAT Labs boasts an impressive background in crypto forensics and cybersecurity. With the guidance of founder Lilita Infante, who pioneered the first task force focused exclusively on dark web and crypto-enabled crime, the team is well-equipped to develop cutting-edge solutions to combat crypto crime and protect digital assets.
A Safer Future for the Digital Asset Ecosystem
As the crypto market continues to grow, the need for effective solutions to tackle crypto crime and protect digital assets becomes increasingly important. By developing digital asset recovery tools and proactive cybersecurity solutions, CAT Labs is striving to create a safer and more secure environment for the entire digital asset ecosystem. With a strong team and the backing of notable investors, CAT Labs is well-positioned to play a significant role in making the Web3 and DeFi revolution a safer and more accessible space for all.
