Sui Foundation onboards Blockaid to enhance ecosystem security

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Authors

Christopher Tepedino

Publisher

Cointelegraph

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Source maintained by Catalin

Web URL

https://cointelegraph.com/news/sui-foundation-blockaid-ecosystem-security

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Blockaid partners with the Sui Foundation to enhance the Sui ecosystem’s security

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Blockaid, which in February announced a $50 million Series B funding, offers security tools in the Web3 space to clients like Stellar, Avalanche and Coinbase. In November 2024, Blockaid partnered with Backpack to prevent $26.6 million in potential losses from decentralized finance attacks on Solana.

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According to a blog post, the total number of accounts on the blockchain reached 67.3 million in 2024. As of March 11, Sui had $1.1 billion in total value locked, down from $2 billion on Jan. 6, per DefiLlama.

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