FailSafe is an AI security platform that claims to stop crypto hacks before they happen. It sets up in five minutes instead of days, and the founders cite the $1.5 billion Bybit theft as evidence that current defenses fail. Early adopters include major blockchain firms.
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I see, Tim, you've already met our AI-powered superhero, Captain Failsafe. He's protecting the world from crypto hacks. I'm sorry to say it, but your crypto is at risk today. State-sponsored hackers, North Koreans, every bad guy out there is weaponizing AI, social engineering, and they're winning to the tune of billions of dollars annually. In fact, the largest hack ever just happened. $1.5 billion was stolen from Bybit. And here's the kicker. Failsafe would have stopped that hack. Good line.
The Q is here. The Achilles heel of any system, of any security system, is its complexity. Our system takes 5 minutes to set up. Our competition takes days.
It's precisely that ease of use and that simplicity that has driven many of the world's top blockchain companies to already trust Failsafe to protect their assets, even at our early stage. We've already signed multiple deals with distributors who are essentially security auditors that are scaling our outreach efforts. We have the tech, we have the team, and we have the traction to prove it, and we want you to join us on our mission How would you have solved Bybit hack?
So, so we actually replayed that attack. We protect multisig wallets, whitelisting. There's a number of mechanisms. That attack would have been caught by, by our technology.
