Beosin

Beosin, founded in 2018 by professors Xia Yang and Wensheng Guo, operates as a global blockchain security and compliance firm. Its team is composed of over 180 security experts, with more than 40 holding PhDs, leveraging extensive experience in formal verification technology, which they were among the first to apply to smart contract auditing. This background stems from years of providing security for critical systems in fields like aerospace and the military. Headquartered in Singapore, the company also maintains a significant presence in regions including Hong Kong and Japan. A key financial milestone was securing a $20 million Series A funding round on November 3, 2022.

The company's business model is centered on providing a comprehensive suite of security and compliance solutions for the Web3 ecosystem, generating revenue through its specialized services and products. Clients range from individual developers and crypto businesses like exchanges and payment gateways to law enforcement agencies. Beosin's offerings address the full lifecycle of digital asset security, from pre-deployment auditing to post-deployment monitoring and incident response.

Beosin’s core services include smart contract security audits, which utilize formal verification and manual expert review to detect vulnerabilities across various blockchains like Ethereum, Solana, and Polygon. The firm has audited over 4,000 smart contracts, securing assets valued at over $500 billion. For ongoing security, the Beosin EagleEye platform offers real-time on-chain monitoring, risk alerts, and blocking capabilities to protect against threats such as flash loan attacks and private key compromises. Complementing its security services, Beosin provides a Know-Your-Transaction (KYT) anti-money laundering solution that monitors transactions in real-time to identify suspicious activity, helping crypto businesses comply with regulations. This platform is SOC 2 and ISO 27001 certified. In cases of asset theft, Beosin offers a tracing service that assists in tracking and analyzing the flow of stolen virtual assets, having successfully aided in the recovery of over $100 million for clients.

Keywords: blockchain security, smart contract audit, formal verification, Web3 security, KYT, AML compliance, crypto tracing, on-chain monitoring, VaaS, Beosin EagleEye, Xia Yang, Wensheng Guo, digital asset security, DeFi security, cryptocurrency investigation, blockchain compliance, risk monitoring, vulnerability detection, security-as-a-service, virtual asset service provider