Geoffrey Arone, who lost his Dogecoin due to a hack on the exchange hosting them, has launched a new company called Shield3. The start-up offers on-demand infrastructure and developer tools that use AI to enforce security, policy and compliance for anyone working with crypto. Shield3 can also evaluate smart contracts on DAOs and NFT projects to scan for anomalies, flagging or blocking transactions if inconsistencies are found. Arone has spoken to larger exchanges and wallets about integrating with his products, and believes banks will need to partner with advanced technology providers to bolster security.
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