Data: VCs poured $257 million into crypto audit security firms this year, up from $185 million in all of last year

Year-to-date, venture capital firms have poured $257 million into crypto auditing and security firms, up from $185 million for all of 2021, according to CB Insights data, Bloomberg reported. Audit demand in the encryption industry has also continued to rise. ConsenSys said that 1,161 external projects have asked ConsenSys to audit its smart contract code during the year, which is close to the number for the whole of 2021 and higher than the 247 requests in 2020.