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Chaos Labs Gets $20M in Seed Round, Led by PayPal Ventures and Galaxy Digital

Chaos Labs, a blockchain risk analytics firm whose team includes former members of the Israeli special forces, announced on Tuesday that it’s received $20 million in seed funding in a round led by PayPal Ventures and Galaxy Digital.

The almost two-year-old company specializes in running worst-case scenario simulations for decentralized finance trading platforms. Other participants in the round include Coinbase, Uniswap, Lightspeed, Bessemer, and angel investors like Balaji Srinivasan and Naval Ravikant.

Chaos Labs’s unusually large seed funding comes after a year of crypto hacks, collapses, and exploits, including the infamous Mango Markets exploit, in which hacker Avraham Eisenberg took advantage of weaknesses in the crypto trading platform to walk away with $116 million in assets. The U.S. Securities and Exchange Commission later charged Eisenberg with fraud and market manipulation.

(By BEN WEISS)

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