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PRESS RELEASE

Published October 9, 2023

Ironblocks announces a strategic partnership with KuCoin Community Chain (KCC)

Tel Aviv - October 9, 2023 --

Today, Ironblocks, a pivotal force in blockchain-native cybersecurity within the Web3 and decentralized finance (DeFi) sector, proudly announces a strategic partnership with KuCoin Community Chain (KCC). This union indicates a new era in fortified on-chain security and expedited value transfer across the decentralized world.

KCC, a dynamic decentralized public blockchain established by devoted KuCoin enthusiasts, endeavors to dismantle obstacles like elevated costs and dilatory transaction processing times. The decision to ally with Ironblocks emanates from a drive to bolster the protection of its users and assets more robustly. A vital security revelation from Ironblocks, unveiling a promptly patched vulnerability, paved the way for this synergistic partnership. Thus, KCC champions this alliance to reinforce its security infrastructure as it broadens its horizons in both project scope and Total Value Locked (TVL).

"We are delighted to work with KCC to provide them with our best-in-class transaction monitoring and theft protection platform," said Ironblocks CEO and Co-Founder Or Dadosh. "Cyberthieves have already shown this year that they remain undeterred. The protocols that take proactive steps to protect their users are the ones that will rise as others fall."

The convergence of Ironblocks' high proficiency in real-time on-chain security and KCC's decentralized financial framework marks a significant stride towards safeguarding digital assets and smart contracts from pervasive cyber threats. The amalgamation of web3 security, immediate threat detection, prevention, scalability, and user-centric design offered by Ironblocks cater seamlessly to both decentralized and centralized financial entities, ensuring a robustly secure, scalable, and reliable blockchain infrastructure.

Leandre, a core member of KCC, stated: "KCC is committed to providing a secure on-chain environment for all users, and we believe the collaboration of KCC and Ironblocks will further enhance the security of our platform and better protect our users. Additionally, we have launched a series of initiatives to improve the development environment for builders on KCC, making it easier than ever to create innovative projects. We welcome all developers to join KCC and be a part of our growing ecosystem!"

A recent incident involving the Fuse Network underscores Ironblocks' exemplary security capabilities. An attempted exploitation of the Fuse Bridge on August 24th, 2023, involving a net transaction of approximately $1.5M in USDC tokens, was thwarted in real-time by Ironblocks' advanced preventive protocols, further solidifying their status as a linchpin in Web3 security.

About KuCoin Community Chain

Launched on June 16, 2021, KCC is a decentralized public chain with high performance built by the developer fans of KuCoin and KCS. Our purpose is to solve problems such as low performance and high cost of the public chain and provide community users with a faster, more convenient, and less costly experience.

About Ironblocks

Ironblocks, a beacon in Web3 cybersecurity, offers unparalleled protection in the decentralized domain. The company, founded by experts Or Dadosh and Assaf Eli, addresses blockchain's distinct vulnerabilities, aiming to redefine Web3 security standards. Ironblocks champions real-time on-chain detection through its innovative, prevention-centric strategy, boasting an impressive accuracy rate.

Powered by AI, their system proactively curbs malicious transactions. Collaborating with top-tier security firms. With the backing of leading industry investors like Collider, ParaFi, Samsung Next, and Disruptive AI, Ironblocks, now a formidable team of 15 comprising leading cyber and blockchain specialists, is on an unwavering mission to safeguard the integrity of the Web3 space.

Contact Info: Name: Tomer Warschauer NuniEmail: Send EmailOrganization: IronblocksWebsite: https://www.ironblocks.com/

Release ID: 89109621

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COMTEX_441622163/2773/2023-10-08T22:52:37

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Ironblocks and KuCoin Community Chain Forge a Strategic ... - Digital Journal