Criminal activity has been a major issue in the cryptocurrency sector for some time now. To tackle this problem, the U.S. Department of Justice (DOJ) Special Agent Matthew Infante recently launched a new startup named CAT Labs with an initial investment of $4.3 million. The venture has eight full-time employees and five contractors and is split into two major divisions— one focused on helping government customers recover cryptocurrency assets from digital evidence and the other focused on cybersecurity for private companies to protect their digital assets and infrastructure.

Leading the company is Matthew Infante himself, leading the development part of the venture is Uri Stav, former chief security and development officer of the Digital Currency Group, and taking the forensic digital asset recovery front is John Hays, formerly of the DOJ. CAT Labs' first official client has been Rand Labs, one of the blockchain development firms focused on Algorand. The company was also part of the incident response team for a recent exploit of the Algorand-based wallet provider MyAlgo.

The move is a promising and fit response to the existing market demand for comprehensive cryptocurrency recovery and safekeeping solutions. With the broad range of tools available, including on-chain and off-chain technology and finesse gained from the DOJ along with the expertise of the founding partners, CAT Labs is better equipped than most to provide quality cybersecurity and asset recovery services.

The startup’s launch is a profoundly welcome piece of news for the cryptocurrency industry, offering much-needed solutions in the domain of asset recovery and security. The company’s early partnership with Rand Labs reflects its ambition and highlights its potential for further growth. All-in-all, CAT Labs is an exciting addition to the cryptocurrency ecosystem and has the capability to make a positive impact in the space.



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