Exclusive: Regulators Are the New Force Driving Blockchain Security, Says Hacken’s Yevhenia Broshevan

cryptonews.com:

Yevhenia Broshevan, co-founder of Hacken, a leading blockchain security auditor, believes regulators increasingly recognize the need to safeguard investors, users, and the integrity of the financial system.

In an exclusive interview with Cryptonews correspondent Matt Zahab at the Consensus 2024 conference in Austin, Texas, Broshevan delved into the world of blockchain security and the role played by regulators in ensuring a safe and secure ecosystem.

Hacken, renowned for its expertise in blockchain security, assists companies in preventing future attacks and minimizing the risks of financial loss and data breaches.

Their approach covers smart contract audits, layer one and layer two audits, penetration testing of web and mobile infrastructure, and a unique bug bounty solution called “Hacken Proof,” which boasts a community of ethical hackers rewarded with millions of dollars in bounties.

In April, Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global leader in blockchain security auditing, signed a Memorandum of Understanding (MoU) to set new benchmarks for blockchain security and compliance.

Under the MoU, ADGM’s Registration Authority (RA) will collaborate with Hacken on developing security standards and on-chain monitoring solutions in relation to ADGM’s DLT Foundations framework

When asked about the partnership, Broshevan explained that after seven years of focusing on securing users and products, Hacken now aims to assist regulators in ensuring the security of licensed crypto providers.

Recognizing the industry’s evolution, where security was once an afterthought, Broshevan emphasized the need for regulators to prioritize security standards and conduct due diligence