Cork and Certora Revolutionize Web3 Security with Hypernative Partnership
Web3 Security Partnership Aims to Revolutionize DeFi Risk Standards
Certora, a leading security assurance partner in Web3, has announced a strategic partnership with Cork, a protocol pioneering risk-management infrastructure for DeFi, and Hypernative, a leader in real-time threat monitoring. Through this collaboration, Certora becomes Cork’s Security Partner of Record, embedding security at every layer of the protocol’s lifecycle, from design and verification to deployment, monitoring, and operations.
This partnership brings together three experts committed to advancing the security and integrity of Web3 systems. By combining Certora’s formal verification and end-to-end security framework with Hypernative’s advanced real-time monitoring, Cork users will benefit from institutional-grade safeguards and proactive risk mitigation designed for the next generation of on-chain finance.
"Business-as-usual security just doesn’t cut it in DeFi," said Baptiste Florentin, Cork’s CTO. "We’re a focused team building critical market infrastructure, and the risks are real. We chose Certora to go beyond point-in-time audits and build a holistic, end-to-end security discipline that is deeply integrated with our codebase, change management, and production operations."
As the Web3 ecosystem scales, the cost of weak security continues to rise. According to the FBI’s 2024 Internet Crime Complaint Center (IC3) report, crypto-related fraud accounted for $9.3 billion in losses, a 66% increase from the previous year, with nearly 150,000 complaints involving digital assets. Partnerships like this aim to reverse that trend by elevating the industry’s baseline for security and risk standards.
The current approach to DeFi audits is no longer enough; the industry demands a more advanced and proactive security posture. "Certora was founded to bring the rigor of enterprise-grade assurance, used in industries like aeronautics and finance, to decentralized systems," said Seth Hallem, CEO of Certora. "By partnering with Cork and Hypernative, we’re not just helping one protocol; we’re helping redefine how Web3 handles risk, transparency, and operational resilience."
"Web3 security is taking another leap today to filter out the bad actors in this industry," added Gal Sagie, Co-Founder and CEO of Hypernative. "But I’m equally pleased that through this collaboration, we’re also finding ways to raise the risk standards for everyone operating in this space." Together, Cork, Certora, and Hypernative are building a model for how protocols can embed security by design, creating systems that are not only safer for users but also more robust and scalable for developers.
Security in DeFi: A Growing Concern
The DeFi ecosystem has experienced rapid growth in recent years, with an increasing number of users and assets on-chain. However, this growth has also brought new challenges, including security risks and vulnerabilities. According to the FBI’s 2024 IC3 report, crypto-related fraud accounted for a staggering $9.3 billion in losses, a 66% increase from the previous year.
The DeFi ecosystem is complex, with multiple players and stakeholders involved. This complexity introduces new risks, as different participants may have conflicting interests or motivations. Moreover, the decentralized nature of DeFi makes it challenging to establish clear lines of responsibility and accountability.
The Importance of Proactive Risk Management
Traditional security approaches in DeFi are often reactive, focusing on identifying vulnerabilities after they have been exploited. However, this approach is no longer sufficient; the industry demands a more proactive and preventative approach to risk management.
Partnerships like that between Cork, Certora, and Hypernative aim to reverse the trend of rising security costs by elevating the industry’s baseline for security and risk standards. By combining formal verification with real-time monitoring, these protocols can proactively identify potential risks and take steps to mitigate them before they become major issues.
About Certora
Certora is a blockchain security company that provides industry-leading formal verification tools and smart contract audits. Certora’s flagship security product, Prover, helps protocols integrate the power of formal verification into their development pipeline to catch even the rare & hard-to-find bugs.
Certora was founded to bring the rigor of enterprise-grade assurance, used in industries like aeronautics and finance, to decentralized systems. By partnering with Cork and Hypernative, Certora is helping redefine how Web3 handles risk, transparency, and operational resilience.
About Cork
Cork introduces a new primitive for tokenized risk, serving as a programmable risk layer for on-chain assets such as vault tokens, yield-bearing stablecoins, liquid (re)staking tokens, and RWAs. Cork’s core primitive enables asset managers and issuers to spin up custom swap markets that enhance redemption liquidity, risk transparency, and market confidence for their on-chain assets.
Backed by a16z crypto, OrangeDAO & Steakhouse Financial, Cork is building the risk infrastructure needed to bring institutional capital into on-chain credit markets.
About Hypernative
Hypernative is a real-time monitoring, risk detection, and automated response solution that identifies threats with high accuracy, giving customers precious minutes to respond before exploits can cause damage. The platform tracks both on-chain and off-chain data sources.
It uses battle-tested, sophisticated machine learning models, heuristics, simulations, and graph-based detections to identify over 300 risk types, from smart contract hacks and bridge security incidents to frontend compromises, market manipulations, and private key theft.
Conclusion
The partnership between Cork, Certora, and Hypernative marks a significant step forward in elevating the industry’s baseline for security and risk standards. By combining formal verification with real-time monitoring, these protocols can proactively identify potential risks and take steps to mitigate them before they become major issues.
This collaboration sets a new standard for Web3 security, demonstrating that it is possible to build safer, more robust, and scalable systems by design. As the DeFi ecosystem continues to grow and mature, this partnership serves as a model for how protocols can work together to advance the security and integrity of on-chain finance.
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