PANews reported on December 12 that according to Fortune magazine, CAT Labs, a crypto asset forensics and cybersecurity company, has completed a $5.4 million seed round of financing. M13 led the investment, with participation from existing investors such as Castle Island Ventures, CMT Digital and Hash3. This round of financing brings the company's total financing to $9.7 million.

According to reports, Cat Labs was founded last year as a startup company to combat crypto crime, focusing on digital asset recovery and cybersecurity: helping to recover cryptocurrency assets from digital evidence (such as hackers' computers or mobile phones), and preventing digital asset theft and protecting user infrastructure architecture. The company currently has 14 employees; according to the company, the team has jointly assisted in the destruction of more than 300 criminal entities during their careers.