In the wake of the Bybit exploit, the largest crypto exploit in history, it is more important than ever to unite as an industry and fight against global bad actors, such as DPRK, who are hurting both businesses and people.
To meet this challenge head on, zeroShadow and Innerworks are bringing together critical data & intelligence from active threats in web3 and advanced detection & screening technologies, including device fingerprinting.
This game changing combination will make a significant market impact by helping exchanges quickly identify and freeze stolen funds on behalf of the victims. This will not only help those who have been hurt by these bad actors, but will create a significant disruption to future attacks from these same criminal enterprise
Innerworks is a pioneer in specialised threat intelligence, covering the key pillars of authentication: device fingerprinting & proof of personhood . They leverage advanced behavioural analytics and decentralised machine learning to counter the most sophisticated Gen-AI driven attacks. Deploying proprietary fingerprinting technology to identify physical devices that have interacted with DPRK-affiliated wallets, Innerworks renders them unusable in future attacks.Beyond detecting threats, Innerworks harnesses the hacker community itself:
Innerworks revolutionizes threat intelligence through gamified incentives for ethical hackers
Their innovative ‘RedTeam’ platform encourages competitive code submission that tests detection software boundaries
Participants earn rewards in Bittensor’s native cryptocurrency, leveraging decentralized training technology
This approach allows Innerworks to outpace established market leaders through collaborative security enhancement
Nearly $10 billion USD was lost to cross-platform crypto fraud in 2024 alone
With the recent ByBit exploit, 2025’s losses are projected to exceed this already staggering figure
zeroShadow is the global leader Web3 incident response and security for crypto industry companies. When crypto assets are stolen, they are the team to call to help.They have over 120 clients across the ecosystem including 1inch, ENS and Phantom and lead investigators on critical cases such as Bybit and WazirX.
zeroShadow’s team of experts act as an extension of their client’s security team, enhancing and implementing policies and procedures, as well as maintaining and optimizing technical solutions. Their 24/7 Virtual Security Operations Center (vSOC) is always on ready to receive, triage, escalate alerts and initiate the tracing, freezing and recovery process when necessary.
By working together, Innerworks and zeroShadow will use their combined attributions and advanced technologies to help exchanges identify, freeze and recover stolen funds on behalf of the victims. This will help those who have been hurt by these bad actors, while at the same time it will create a significant disruption to future attacks from these same criminal enterprises.
“Our high-precision fingerprinting, combined with zeroShadow’s unparalleled investigative expertise and attributions, will redefine the way digital assets are secured in the face of emerging threats”, said Innerworks CEO Oliver Quie.
“zeroshadow’s strategic alliance with Innerworks will help create the next generation of proactive crypto security”, said Casey G, zeroShadow CEO. “Our combined solution will provide a powerful solution to unmask and prevent cross-platform fraud”.
For further information, please contact InnerWorks at oli@innerworks.me or zeroShadow at info@zeroshadow.io.
Original article by: Innerworks
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