Web3 security firm Cyvers has teamed up with Station70 to introduce an industrial-grade transaction security tool called Secure Signers, addressing a vulnerability that has led to over $4 billion in losses over the last three years. This solution is designed to enhance security around institutional cryptocurrency transfers and increase confidence among traditional finance (TradFi) firms, which have been cautious about entering the digital asset space due to security concerns. Following significant cyberattacks, including a recent $54 million hack, the need for stronger transaction signing systems has become critical. Secure Signers uses Cyvers’ AI-driven real-time threat detection and Station70’s co-signer-as-a-service tool, allowing users of FIreblocks wallets to assess transactions for security risks prior to execution on the blockchain. This initiative aims to bridge the gap between traditional finance and decentralized systems, fostering greater adoption of Web3 technologies. The move represents a significant step in providing institutional-grade security solutions in a rapidly evolving crypto landscape.

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