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Web3 Security SaaS
to make Web3 a safer place
Prepared by Convequity
Simon He -- simon@m.convequity.com
Jordan Lambert -- jordan@m.convequity.com
1/11
Series A Pitch
The Problem
Breaches caused by compliance and security failure
Hackers are targeting Web3 as a major source of revenue
Regulators are racing to formalize crypto’s rules of the road
Web3 builders need to meet rising security standards
$1.96B
Total 2025 Q1 loss
$2.24B
Entire 2024 stolen figure
$1.46B
Bybit hack: signers were tricked into authorising a malicious transaction via a compromised Safe{Wallet}
Access Control -- for the third straight quarter it's the reason for the largest exploits
What's Causing the Problem?
Hidden Reserves
Exchanges can still mask holes in their balance sheets; regulators now demand real-time on-chain proof collateral exists.
Loose Controls
Bridges and DeFi apps often launch with single-sig keys; one compromised key can drain every user wallet.
One-Time Checks
Audits stop at launch; configs drift, keys rotate, new code ships un-reviewed--fresh attack surface every week.
Bleeding Continues
Without always-on, regulator-grade compliance the sector is on track to lose $2 billion+ each quarter.
Why now
Regulators are enforcing high Web3 Security and Compliance standards
Regulators are bringing the wind--MiCA, DORA, and global copycats are pushing compliance onto exchanges, DeFi, and wallets.
Hacken acts as a diffuser--its shield breaks down complex rules into clear actions that teams can follow with confidence.
With clearer rules and stronger defenses, fewer funds get stolen--so trust grows, and the industry moves forward.
The Solution
Risk management and Federated service arm
Delivering code to deployment security via a comprehensive platform centered around Extractor risk management and audit service.
| Compliance Failure | Why it matters | Hacken solutions that fix it |
|---|---|---|
| 🏦🙈 Hidden Reserves | Users & regulators need live proof assets ≥ liabilities. Real-time transparency prevents insolvency. |
 -- on-chain verification  -- continuous transparency scoring |
| 🔓 Loose Controls | Single-key compromises allow entire protocols to be drained. RBAC & multi-sig are critical. |
  -- crowdsourced vuln discovery |
| 📄 One-Time Checks | Code, keys & configs drift after launch; audits age out. Continuous monitoring required. |
 -- AI real-time code and operation security   |
The Flywheel
Bug bounty and security rating
to crowdsource and contribute to the community which in turn helps products and services
How the Pillars Reinforce Each Other
Hacken's ecosystem forms a continuous security loop:
• Services uncover vulnerabilities & compliance gaps → feed Bug-Bounty scopes & Risk dashboards.
• Bug Bounties crowd-source exploit discovery → sharpen future audits & enrich threat-intel for Extractor.
• Risk Management runs 24/7 checks → auto-triggers tasks for auditors and hunters.
• Security Ratings make all of this transparent -- rewarding strong security and pushing weaker teams back into the loop.
The Federation GTM
Federated service arm to ensure end customer experience and GTM efficiency
We deploy and maintain software through wholly-owned subsidiaries in core markets and JV in new markets.
Wholly-Owned Subsidiaries
Direct control and consistent service delivery in core markets
- Europe
- North America
- MENA (Middle East & North Africa)
Joint Ventures
Strategic partnerships for market expansion and localization
- Turkey
- Hong Kong
- Singapore
- Korea
- More to come...
Revenue: Software licenses + 20% revenue sharing
Local Partner Profiles
Diverse federation potential with specialized expertise
Cybersecurity teams
Spin-offs from leading blockchain CEXs, L1s-L2s
Existing web3 cybersecurity
Small and medium companies
Local entrepreneurs
Tight connections to regulators
Local web2 cybersecurity
Companies
Tier 1-2 crypto VCs
Private Equity firms
Current Alternatives
Web3 Security - No Comprehensive Software Yet
Current vendors focus on service, not software products.
Our competitors focus on some key areas however they do not provide a holistic solution to comprehensive regulatory & compliance services for the Web3 sector.
| Vendor | Hacken | CertiK | Elliptic | Chainalysis | Hypernative | Chainalysis |
|---|---|---|---|---|---|---|
| Product | Extractor | SkyInsights | Elliptic | Chainalysis | Hypernative | Hexagate |
| Compliance Monitoring | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ |
| AML Transaction Screening | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ |
| Cross-Jurisdictional Compliance | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Community Sentiment Monitoring | ✓ | ✓ | ✕ | ✕ | ✕ | ✕ |
| Real-Time Threat Detection | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cross-Chain Security Monitoring | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
| Risk Assessment and Scoring | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Dynamic Risk Scoring Based on External Events | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
| Incident Response and Mitigation | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
| Automated Risk Mitigation Actions | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
Extractor is uniquely positioned as a one-stop platform to fully meet customer needs in this niche
Market opportunity
Total Addressable Market
Web3 represents a massive growth opportunity in the cybersecurity space
Statista Market Forecast
According to Statista, the cybersecurity market is forecasted to reach 272 billion USD by 2029.
Institutional Adoption Drive
The current market growth phase (from 2023) is driven by institutional companies entering the digital asset space.
They allocate a higher share of their IT budgets (ca. 11%) to cybersecurity compared to the existing crypto companies (less than 5%).
Web3 Security Opportunity
This new market shift and the influx of traditional institutions present a new opportunity worth $4.5 billion in the Web3 cybersecurity market, with a forecasted growth rate (CAGR) of 44.9%.
Hacken's Positioning
Extractor is well-positioned to become the leading provider of SaaS infrastructure and services for the Web3 Security & Compliance market.
$272B
Global Cybersecurity Market
$4.5B
Web3 market share
Financial projections
A balanced and sustainable growth through diversified revenue streams to achieve $70M revenue target in 2029
Services for CASP Institutions
Subscription for Regulators
Investors and Digital Asset Managers
Revenue Breakdown
SaaS Revenue includes:
Extractor
CER.Live
HackenProof
AI Audit Automation
Service Revenue includes:
Core existing audit services (Smart Contract Audit, PenTest, L1, dApps)
Consulting (Tokenomics, Cybersecurity Strategy & Implementation, Post-Implementation Certifications and Education for Enterprises)
Cap table & Use of funds
$9M for $90M post-money valuation
Cap table
| Dyma Budorin | 53% |
| Fiat Lux Investments | 20% |
| Yev Broshevan | 5% |
| Andriy Matiukhin | 5% |
| Denys Ivanov | 2% |
| Mike Boxmining | 2% |
| Hacken community | 1.5% |
| Others | 1.5% |
| Employees equity options | 10% |
Use of funds
Extractor & A3 -- 4 M
AI tooling -- 2 M
Global ops -- 2 M
Tokenisation -- 1 M
The Team
Meet our team