Hacken, a leading name in blockchain security auditing, has unveiled its advanced AI-powered platform named Extractor, designed to automate security and compliance for Web3 companies. This innovative platform addresses critical compliance areas, including anti-money laundering and counter-terrorism financing (AML/CFT), the European Union’s Markets in Crypto-Assets Regulation (MiCA), the Digital Operational Resilience Act (DORA), and the Abu Dhabi Global Market (ADGM) standards.
Extractor provides scalable and efficient solutions tailored to various business segments and regulatory frameworks. Its launch comes at a time when global regulations are becoming more stringent, with frameworks like MiCA and DORA reshaping cryptocurrency business operations worldwide.
Simplifying Compliance in Web3
The Extractor platform serves as a comprehensive monitoring tool for crypto companies, ensuring they remain up-to-date with evolving compliance requirements. It is compatible with major blockchain networks such as Ethereum, Optimism, Binance Smart Chain, Gnosis, Polygon, Arbitrum, Base, and Avalanche, making it highly accessible to a wide range of Web3 projects.
This Compliance Monitoring Framework is the first of its kind in the Web3 space. Extractor streamlines adherence to regulatory standards by integrating AML/CFT protocols, total value locked (TVL) analysis, transaction tracking, and circulating supply detection into a unified compliance system. Unlike traditional solutions, the platform’s structured approach simplifies compliance processes while enhancing security and operational efficiency.
Ensuring Resilience and Security
Hacken’s Extractor emphasizes proactive monitoring, combining real-time on-chain analysis, AI-driven risk detection, and automated safeguards. These features enable blockchain projects to meet stringent regulatory requirements while minimizing security risks. The platform’s capabilities include real-time threat detection, post-incident reporting, and automated resilience measures, ensuring continuous protection against potential vulnerabilities.
The platform also offers thorough post-incident analysis and reporting, allowing crypto companies to identify root causes of issues and strengthen their systems over time. This proactive approach enhances resilience and helps address vulnerabilities effectively, positioning Extractor as a vital tool for blockchain businesses.
Adapting to Regulatory Changes
Global regulators are intensifying their focus on digital asset compliance. The cryptocurrency sector faces transformative changes, particularly with the enforcement of the MiCA framework starting December 2024 and DORA’s requirements becoming applicable in January 2025. MiCA mandates compliance in areas such as whitepaper publication, know-your-customer (KYC) procedures, and detailed reporting. Meanwhile, DORA emphasizes financial resilience and operational continuity, even during cybersecurity disruptions.
Extractor is designed to help crypto companies navigate these challenges. Its structured framework ensures readiness for compliance at every stage, aligning with Hacken’s expertise in blockchain security and its collaboration with prominent regulatory bodies. The platform provides essential features such as risk detection, advanced monitoring, asset protection, and incident recovery planning, equipping Web3 firms to meet global standards confidently.
Preparing for a New Era in Web3 Compliance
The Extractor’s launch reflects Hacken’s commitment to advancing blockchain security and compliance. With its focus on proactive risk management and seamless integration of compliance protocols, the platform sets a new benchmark for innovation in the Web3 space. By simplifying regulatory adherence and enhancing operational resilience, Hacken’s Extractor promises to be a transformative solution for the decentralized industry, ensuring that businesses remain secure and compliant in an ever-evolving regulatory landscape.