Bolstering security

• 500-backed Web3 risk and intelligence platform Merkle Science has acquired Staging Labs, a Miami-based Web3 cybersecurity startup, which aims to be the ultimate line of defense for crypto.
• Co-founded by an entrepreneur who was a victim of a crypto scam himself, Staging Labs uses real-time technology and an automated response system to proactively identify and block malicious and non-compliant crypto transactions.
• This acquisition will help Merkle Science expand their presence in the United States and Canada and broaden their range of products. The Merkle team also shared that this will bolster their forensics and compliance capabilities, facilitating the proactive identification of illicit actors.
• “The integration of Staging Labs’ real-time mitigation expertise with our predictive analytics will create a powerful, comprehensive security suite for our clients,” shared Mriganka Pattnaik, Co-founder & CEO of Merkle Science.
• “This acquisition aligns perfectly with our mission to foster trust in the crypto industry and support our partners in maintaining a safe and compliant ecosystem,” he added.
• Read the full story here.