Major development in the crypto security space: NCC Group has wrapped up the sale of Escode for $369.4 million. This marks a significant move in the blockchain industry's infrastructure consolidation, highlighting growing investor appetite for security-focused Web3 companies.
Escode, known for its work in smart contract auditing and blockchain security solutions, has been a key player serving DeFi protocols and other crypto projects. The transaction demonstrates how traditional cybersecurity firms are increasingly recognizing the value embedded in specialized blockchain security expertise.
The deal reflects broader market trends where established security organizations are either acquiring or partnering with crypto-native teams to strengthen their digital asset audit capabilities. As the industry matures, institutional-grade security solutions continue to become a priority for projects managing billions in user funds.
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MetaverseLandlord
· 1h ago
3.69 billion acquisition of Escode, traditional security companies are starting to take Web3 seriously
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Smart contract auditing has indeed become competitive, with big players wanting a piece of the pie
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Wait, can this money really produce truly useful security solutions
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Another traditional finance company's entrance show, I just want to see if this time they can truly understand the logic of the chain
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The demand for DeFi auditing is so strong, it shows there have been quite a few pitfalls before
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Consolidation is coming, smaller auditing teams will probably have a tough time
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When will the $36.9 billion land on the mainnet haha
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Institutional-level security solutions should have existed long ago, but this acquisition is indeed quite aggressive
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In the end, this acquisition will depend on whether Escode's team can survive under the new parent company
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The security track is finally being recognized; it should have been taken seriously earlier
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ChainSpy
· 13h ago
36.94 billion? Something's off. Is this price being exaggerated?
Is Zhiheshen auditing now worth that much? Why haven't I heard about it before?
Traditional security companies are entering the space, so DeFi has no excuse anymore for not being audited.
Wait, is NCC really selling Escode? Why do I feel like I'm confused?
Another big round of financing, but the truly reliable audits are still just a few firms.
Can this round of funding improve audit quality, or is it just another capital game?
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quietly_staking
· 13h ago
Sell for 369 million? Luckily, I got in early.
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fren.eth
· 13h ago
36.94 billion yuan spent on audit plans, how crazy is this market?
Traditional security companies are finally realizing that our sector is valuable, although it's a bit late.
Smart contract auditing has truly become a necessity, with even major institutions pouring money in.
Wait, can this deal really help with DeFi security, or is it just another wave of hype?
Integration of security infrastructure is the trend, and money is flowing into it.
Honestly, it's still driven by institutional entry; now Web3 is no longer in wild growth mode.
6.9 billion acquisition of an auditing team, how optimistic are they about this sector?
Is Escode being saved or absorbed? It's a bit hard to tell.
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MEVHunterLucky
· 13h ago
36.94 billion sell-off of Escode? Traditional security companies are starting to scoop up Web3, and now audit services are going to increase in price.
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ImpermanentSage
· 13h ago
ngl 369.4m Buying an audit team... This wave, mainstream institutions are really starting to pay attention to on-chain security, they were still dissing us before.
Major development in the crypto security space: NCC Group has wrapped up the sale of Escode for $369.4 million. This marks a significant move in the blockchain industry's infrastructure consolidation, highlighting growing investor appetite for security-focused Web3 companies.
Escode, known for its work in smart contract auditing and blockchain security solutions, has been a key player serving DeFi protocols and other crypto projects. The transaction demonstrates how traditional cybersecurity firms are increasingly recognizing the value embedded in specialized blockchain security expertise.
The deal reflects broader market trends where established security organizations are either acquiring or partnering with crypto-native teams to strengthen their digital asset audit capabilities. As the industry matures, institutional-grade security solutions continue to become a priority for projects managing billions in user funds.