Ukraine headquartered Hacken, a blockchain security auditor that aims to make Web3 a safer place, has partnered with Dubai Blockchain Center.
As per a Hacken team tweet, “ This is a pivotal step towards accelerating blockchain adoption in Dubai and ensuring enhanced security in the tech scene.”
Igor Hacken, Business Development Manager at Hacken tweeted, “Very proud moment for hackenclub expanding into the UAE joining the efforts of keeping the blockchain secure with Dubai Blockchain Center and Dr. Marwan Alzarouni. Stay tuned to learn more about all of our contributions in to the rapidly growing region.”
The collaboration will also include providing mentoring, education on blockchain security and contributing to the development of regulatory requirements for project licensing.
Hacken offers various solutions including smart contract audit, proof of reserves, and others. In February 2023, Hacken researchers identified a bug in the Binance zkSNARK-based Proof of Reserves system which was then resolved with Binance team.
Since their inception in 2017, they have carried out 1200 audits.
This is not the first collaboration in the region. Prior to this Hacken launched a virtual Hackathon in May 2023 with UAE based Venom Foundation with a pool prize of $225,000.
Most recently Hacken’s CEO and Co Founder, Dyma Budorin published a research conducted by CER one of their partners which revealed that 70% of crypto wallets have security gaps, exposing digital assets to vulnerabilities.
The presence of Hacken in the UAE, looks to benefit the blockchain ecosystem as a it creates more awareness on digital assets auditing and security.