PayPal co-leads $20M seed funding for on-chain threat optimizer Chaos Labs

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Payments enormous PayPal (NASDAQ:PYPL) and investment management firm Galaxy joined palms to lift $20 million in seed funding for Chaos Labs, a Fresh York-based mostly fully cloud platform for securing blockchains and protocols.

With an automatic threat management platform, Chaos Labs protects crypto protocols against external exploits and dangers. The platform does this by providing agent and scenario-based mostly fully simulations, which helps acquire protocols against financial vulnerabilities and market manipulation occasions.

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