Richard Ma founded Quantstamp after the 2016 DAO hack, aiming to improve blockchain security and prevent similar incidents.
Quantstamp has completed over 700 audits, securing $200 billion in digital assets through continuous security measures.
Among the most important players in the fast changing world of blockchain, where digital assets and distributed apps transform conventional banking, is Richard Ma. However, a personal loss experience rather than a straightforward or foreseen one led him to become a pioneer in blockchain security.
A Hard Lesson from the 2016 DAO Hack
2016, a crucial year for the blockchain community, starts Richard Ma’s journey. Ethereum had become rather popular at that time, and many investors—including Ma—were thrilled about its possibilities.
Seeking to transform corporate structure and governance, Ma chose to invest in the DAO, one of the first distributed autonomous businesses.
But only a few weeks after his investment, the DAO was attacked, losing E
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