On February 18th, according to Bloomberg, crypto security platform Blockaid recently completed a $50 million Series B financing round led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. The financing will help Blockaid deal with the growing risk of cybercrime in the digital asset space. In 2024, Blockaid successfully blocked 71 million potential attacks, avoiding a loss of $5.30 billion. The company expects cyber attacks to surge to "hundreds of millions" in 2025 as user growth and token prices rise. Blockaid plans to use the funds to expand operations and increase investment in research and development, and is expected to double its workforce this year. CEO Ido Ben-Natan said the company is currently facing the challenge of being understaffed due to a surge in demand due to changing regulatory environments in the United States.