DOJ Special Agent Launches Crypto Crime-Fighting Startup With $4.3M Funding

Key Points:

• CAT Labs, led by a former DOJ agent, recently raised $4.3 million in funding from investors, including Castle Island Ventures, Brevan Howard Digital, CMT Digital, RW3 Ventures, and Newark Venture Partners.
• The company is led by Lilita Infante, a former special agent with the Department of Justice who created the first-ever federal task force focused on cryptocurrency.

CAT Labs, led by former DOJ agent Lilita Infante, raises $4.3M to provide government and private clients with on and off-chain crypto asset recovery and cybersecurity.

As reported by Fortune, the company is led by Lilita Infante, a former special agent with the Department of Justice who created the first-ever federal task force focused on cryptocurrency. Infante saw an opportunity in the market for cryptocurrency asset recovery and decided to create her own company.

CAT Labs is launching with eight full-time employees and five contractors and has two verticals. The first is tailored toward government clients to help them recover cryptocurrency assets from digital evidence, such as hackers’ computers or phones. The second is crypto-focused cybersecurity for the private sector to prevent digital asset theft and secure infrastructure architecture.

The company will combine on-chain and off-chain recovery tools, providing complementary services to customers. Other founding team members include Uri Stav, the former chief security and development officer of the Digital Currency Group, and John Hays, the former DOJ lead in forensic digital asset recovery. One early client for CAT Labs has been Rand Labs, the blockchain development firm focused on Algorand. CAT Labs was part of the incident response team for a recent exploit of the Algorand wallet provider MyAlgo.

CAT Labs is addressing a growing demand for cryptocurrency asset recovery and cybersecurity. Infante’s past experience in the DOJ and success in taking down criminal networks gives CAT Labs a competitive edge. The company’s two verticals, which are tailored toward government clients and the private sector, make it a versatile option in the market. By combining on-chain and off-chain recovery tools, CAT Labs provides complementary services that set it apart from other data software solutions.

The company’s early partnership with Rand Labs demonstrates its potential for growth and success in the future. Overall, CAT Labs’ launch is an exciting development for the cryptocurrency industry, providing much-needed solutions for digital asset recovery and cybersecurity.

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