PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs By Cointelegraph

Payments giant PayPal (NASDAQ:) and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based cloud platform for securing blockchains and protocols.

With an automated risk management platform, Chaos Labs protects crypto protocols against external exploits and risks. The platform does this by offering agent and scenario-based simulations, which helps secure protocols against economic vulnerabilities and market manipulation events.