Exclusive Hackens Yevhenia Broshevan States Regulators are the Leading Influence in Blockchain Security

Exclusive: Hacken’s Yevhenia Broshevan Highlights Regulators as Key Player in Blockchain Security


By Ruholamin Haqshanas
Last updated: June 11, 2024 11:05 EDT | 3 min read
Yevhenia Broshevan, one of the co-founders of Hacken, a prominent blockchain security auditing firm, stresses the growing importance of regulators in ensuring the safety and integrity of the financial system for investors and users.
During an exclusive interview with Cryptonews correspondent Matt Zahab at the Consensus 2024 conference in Austin, Texas, Broshevan delved into the realm of blockchain security and the crucial role that regulators play in creating a secure ecosystem.
Hacken, well-known for its expertise in blockchain security, helps companies prevent future attacks and reduce the risks of financial losses and data breaches.
Their services include smart contract audits, layer one and layer two audits, penetration testing of web and mobile infrastructure, and a unique bug bounty program called “Hacken Proof,” which rewards ethical hackers with millions of dollars in bounties.
Hacken’s Mission to Support Regulators
In April, Abu Dhabi Global Market (ADGM) and Hacken signed a Memorandum of Understanding (MoU) to establish new standards for blockchain security and compliance.
Under this agreement, ADGM’s Registration Authority (RA) will collaborate with Hacken to develop security standards and on-chain monitoring solutions in line with ADGM’s DLT Foundations framework.
When discussing the partnership, Broshevan mentioned that after years of focusing on securing users and products, Hacken now aims to support regulators in ensuring the security of licensed crypto providers.
Acknowledging the industry’s evolution, where security was previously an afterthought, Broshevan emphasized the importance of prioritizing security standards and conducting due diligence on projects applying for licenses.
The future of crypto security solutions and auditing remains a critical topic.
Broshevan expressed optimism but also recognized the ongoing challenge of hacks. Despite advancements, the industry still faces vulnerabilities, with over 200 hacks occurring in Q1 and Q2.
Arculus: Revolutionizing Web3 and Payments
At Consensus 2024, our correspondent also spoke with Adam Lowe, Chief Product Officer at Arculus, a company leading in digital asset and identity products.
Lowe introduced a groundbreaking metal payment card that functions as a hardware wallet and authenticator, allowing users to securely store their digital assets while enabling secure payments and authentication.
The hardware wallet feature ensures that users’ keys are securely stored on the card, providing robust protection for digital assets.
Polkadot’s Advancements
Excitement filled the Polkadot booth as they unveiled Polkadot 2.0, aimed at making the blockchain more accessible and cost-effective. This new era promises lower costs and higher quality block space, creating opportunities for innovative projects.
One notable collaboration is with John Lindon, known for his work on Call of Duty, who is transitioning his NFL-branded game to Polkadot, bringing along 700,000 users.
Dabba: Transforming Internet Accessibility in India
Zahab also had the chance to speak with Karam Lakshman, CEO of Dabba, a company dedicated to providing high-speed internet to a billion Indians.
With data consumption on the rise, Dabba aims to expand Wi-Fi access nationwide by aggregating local internet service providers, allowing users to efficiently choose and manage their Wi-Fi setups.
The upcoming launch of the Dabba token on the Solana chain is expected to enhance their ecosystem, rewarding users for participating in the network.
Consensus 2024: From Dune Analytics to Politics
Cryptonews reporters Rachel Wolfson and Matt Zahab covered Consensus 2024, conducting interviews with industry leaders, pioneers, and analysts to bring you the latest updates from one of the largest crypto events worldwide.