FOR IMMEDIATE RELEASE
Delaware, USA - 24th September 2024 - Kerberus Cyber Security, Inc., a leader in Web3 user security, today announced its acquisition of Fire's software and user base, a prominent player in the Web3 user security market. This strategic move coincides with the launch of significant enhancements to Kerberus’ Sentinel3 (previously MintDefense), including an industry-first $30,000 coverage on every Web3 transaction through a partnership with Fairside, extendable up to 100 ETH.
Kerberus Expands Reach with Strategic Acquisition
Kerberus Cyber Security, Inc. has acquired the assets of Fire, a pioneering Web3 security company incubated by Atomic, the renowned venture studio known for building breakout companies. This acquisition marks a significant milestone for Kerberus, increasing its user base by 20x and cementing its status as a powerhouse in Web3 security.
Fire's renowned transaction translation feature will be integrated into Kerberus’ Sentinel3, complementing Kerberus' cutting-edge real-time scam detection capabilities. This fusion of technologies from two leaders in the Web3 security space promises to deliver unparalleled user protection in the rapidly evolving blockchain landscape.
Revolutionary Transaction Coverage
In partnership with Fairside, Sentinel3 now provides unprecedented asset protection for Web3 users. This innovative coverage compensates users for asset losses resulting from malicious transactions or signatures on Web3 sites that Sentinel3 has scanned and shown no warnings for. Key features of the coverage include:
- 100% reimbursement of lost asset value, up to $30,000 in USDC, extendable up to 100 ETH (approximately $250,000 at current rates)
- Applies when Sentinel3 Pro is active and doesn't display warning popups
- Specifically covers losses from Sentinel3's real-time detection of Web3 sites designed or hacked to steal from users
"This partnership with Fairside allows us to offer unprecedented security and peace of mind to our users," said Alex Katz, CEO & Founder of Kerberus. "In a landscape where over 75% of Web3 users have their crypto assets stolen at least once with an average loss of $10,000, this coverage is a game-changer."
Danor Cohen, CTO & Founder of Kerberus, added, "Our Sentinel3 software has consistently delivered a 99.9% detection rate against Web3 threats, resulting in zero user losses since launch. With this new coverage, we're effectively raising that protection to 100%. Through this powerful combination of prevention and assurance, Kerberus sets the new gold standard for Web3 security."
Kerberus Sentinel3: Enhanced Web3 Security
Kerberus Sentinel3, the only Web3 security solution with 0 user losses, now offers an unparalleled suite of security features for Web3 users, including:
- Automated real-time detection and blocking of scam sites with a 99.9% detection rate
- Transaction coverage up to $30,000 on every Web3 transaction (optional with a fee)
- Support for over 1000 chains (all EVM) out of the box
- Transaction Translation: Clear visibility of asset changes before each signature
- On-Chain Protection against attacks like address poisoning
- Social Shield: Detection of impersonators on X (formerly Twitter)
- MEV protection through private transactions
- Emergency Event Alerts for mass Web3 security incidents
- Seed Phrase Protection warnings
Brandon Brown, CEO of Fairside, added, "Our collaboration with Kerberus represents a significant step forward in protecting digital assets. By providing robust coverage directly through the Sentinel3 platform, we're making advanced protection accessible to all Web3 users."
All new features and enhancements, including the expanded coverage, are available immediately to all Sentinel3 and Fire users.
For more information about Kerberus Sentinel3 and its new features, visit https://kerberus.com/.
About Kerberus Cyber Security, Inc.
Kerberus Cyber Security, Inc. is a leading innovator in Web3 user security, dedicated to safeguarding digital assets and transactions through its flagship product, Sentinel3. This cutting-edge browser extension provides real-time protection against phishing attempts, scams, and malicious smart contracts across over 1000 blockchain networks. Since its launch over two years ago, Sentinel3 has maintained an unparalleled record of zero user losses, solidifying Kerberus' position as a trusted guardian in the decentralized finance landscape.
About Fairside
Fairside is a leading provider of crypto and NFT theft coverage, protecting the value of digital assets across all wallets and chains. With a team of insurance and blockchain experts, Fairside offers scalable solutions for the evolving needs of the Web3 ecosystem.
Contact:
Alex Katz
alex@kerberus.com
Disclaimer: Press release sponsored by our commercial partners.