Blockaid Raises $50 Million in Series B Funding Led by Ribbit Capital, Stopping 71 Million Attacks

Crypto fraud prevention platform Blockaid has successfully raised $50 million in a Series B funding round led by Ribbit Capital. The company, which operates out of Tel Aviv and New York, specializes in providing crypto security tools and claims to have thwarted 71 million cyber attacks in 2024. The funding round also saw participation from GV (formerly Google Ventures), Variant, and Cyberstarts. The capital raised will be utilized to expand Blockaid's team and enhance its response to the increasing demand for cybersecurity in the cryptocurrency space.