Nikos Andrikogiannopoulos

We're honored to be named to the Chartis Research 𝐑𝐢𝐬𝐤𝐓𝐞𝐜𝐡𝟏𝟎𝟎® 𝟐𝟎𝟐𝟔 as a '𝐎𝐧𝐞𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡' in the newly established 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐬𝐬𝐞𝐭 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 category. The #RiskTech100 — alongside companies like Moody's Corporation, S&P Global, ServiceNow, Nasdaq, Bloomberg, FIS and many others — is widely regarded as one of the most comprehensive independent assessments in global #RiskTech. The introduction of this dedicated digital asset category signals a pivotal moment: traditional finance now recognizes that #DigitalAssets require specialized Risk Management frameworks. This recognition validates our mission to bring institutional-grade rigor to digital asset #RiskManagement.

🔍 𝗕𝗮𝘀𝗲 𝗡𝗲𝘁𝘄𝗼𝗿𝗸'𝘀 "𝟯𝟯-𝗠𝗶𝗻𝘂𝘁𝗲 𝗢𝘂𝘁𝗮𝗴𝗲" - 𝗪𝗵𝗮𝘁 𝗥𝗲𝗮𝗹𝗹𝘆 𝗛𝗮𝗽𝗽𝗲𝗻𝗲𝗱? On Aug. 5th, Base's status page reported a "halted block production" issue for 33 minutes. But here's what most monitoring missed: The chain never actually stopped. Blocks continued every ~2 seconds as normal. The real issue? Blocks were empty of user transactions due to a sequencer failover bug in the OP Stack's Conductor system. 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 𝗳𝗼𝗿 𝗥𝗶𝘀𝗸 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 Although basic uptime tools indicated "100% availability," users were unable to transact. This is exactly why comprehensive risk monitoring beats binary status checks. At Metrika, our platform immediately flagged the real impact through 𝟯 𝗞𝗲𝘆 𝗥𝗶𝘀𝗸 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀: 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗣𝗲𝗿 𝗦𝗲𝗰𝗼𝗻𝗱 → collapsed to near zero 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗣𝗲𝗿 𝗕𝗹𝗼𝗰𝗸 → dropped to system-only 𝗕𝗹𝗼𝗰𝗸 𝗦𝗽𝗮𝗰𝗲 𝗨𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 → fell to minimal levels 𝗧𝗵𝗲 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: "𝗨𝗽𝘁𝗶𝗺𝗲" ≠ "𝗨𝘀𝗲𝗿 𝗜𝗺𝗽𝗮𝗰𝘁" Real-time network health monitoring that tracks actual transaction flow would have instantly alerted teams to the user-facing problem, not just chain status. This was Base's second major incident since 2023, highlighting why Layer 2 networks need monitoring that goes beyond surface-level metrics. Read more in in our post-mortem blog post below👇 #DigitalAsset #RiskManagement #Metrika #Base #Blockchain #RiskMonitoring #Layer2

🇺🇸 JUST IN: The OCC clarifies national banks can buy and sell crypto assets at customers' direction and outsource custody and execution services to third parties with proper risk management.

We're thrilled to announce our partnership with @metrikaco, a leading risk management platform for digital assets

The #DencunUpgrade and Its Impact on #Ethereum: What Financial Institutions Need to Know link.medium.com/yrz0azSXSHb @ethereum #blockchain #riskmanagement #digitalasset

@TimBeiko Happy to be supporting the Ethereum upgrade process with deep visibility into the node readiness.

The best Dencun node readiness trackers seem to be ethernets.io (EL) and app.metrika.co (CL). Any other good ones out there 👀?

Back by popular demand! Our Network Upgrade Dashboards are live again! Stay informed on node preparedness updates for the @ethereum #Dencun upgrade, ensuring a seamless transition for all. 🚀 app.metrika.co/ethereum/dashb… #Ethereum #DencunUpgrade

The long awaited conclusory statement from UK HMT on its crypto asset regulatory regime has arrived. And it is wonderful. gov.uk/government/con… EST @griffitha could not have been more decisive in declaring the government's interest in embracing blockchain and crypto innovation: "The government’s ambition to make the UK a global hub for cryptoasset technologies remains steadfast...With the future regulatory framework now taking clear shape and the Financial Services and Markets Act now passed, the UK is the obvious choice for starting and scaling a cryptoasset business." Specifically, HMT's response: 1) Excludes airdrops from the token issuance regulatory perimeter for now, recognizing that they do not constitute a public offering. 2) Clarifies that NFTs are out of scope, specifically citing in-game purchases and sales of digital items as an example of non-financial services activity. 3) Reiterates a go-it-slow approach on DeFi, and officially recognizes that: "...DeFi may play an important role in financial services as the cryptoasset sector becomes larger and blockchain-based solutions continue to be adopted by financial markets. As such, and in line with the government’s innovation-forward approach, the government does not intend to ban DeFi." 4) Strongly disagrees with the suggestion to regulate crypto trading as gambling or an outright ban crypto, citing such approaches' divergence from international regulatory workstreams and the associated detriment to crypto-based innovation. There is more detail required, especially around concepts of decentralization to ensure the core benefit of the technology is recognized regulatorily and customers are adequately protected from legacy risks of centralization. We remain optimistic on HMT's or the regulator's interest in further exploring and highlighting this issue. The UK is taking a giant leap forward to establish itself as the global web3 centre. We couldn't have chosen a better time to be here. It's time to build!

Insightful second meeting at @CFTC covering #DigitalAssets topics incl. DAOs, mechanisms of governance, regulatory perimeter and third-party risks. More on my key takeaways ➡️ linkedin.com/posts/andriko_…

Happy to be participating again this year and watching this conference grow bigger and bigger. Amazing lineup of speakers! Kudos to @SCB10X_OFFICIAL and @TaiPanich_ !

Ultimately having more than one clients is the most resilient strategy. However, in cases like this, exposure to each client’s vulnerabilities or bugs, is the price of the strategy.

This is what consensus layer recovery looked like over yesterday’s incident.

Crazy things happening on Ethereum over the past 24h. Protocol risk is real. Hope we don’t see the worst states of the network.

@metrikaco is at #Consensus2023. Please come by and say hi, we’d love to share our roadmap on our operational intelligence and risk management platform used today across protocol teams, communities and financial institutions. @renjie @slustgarten @iamsachinl

.@slustgarten, @metrikaco's Chief Product Officer on stage at this year's #MITBitcoinExpo discussing Institutional Adoption of digital assets. Great event hosted by the @MITBitcoinClub

Our CPO @slustgarten is participating tomorrow on the Institutional Adoption Panel at the MIT Bitcoin Expo - sched.co/1LvuM @MITBitcoinClub #mitbicoinexpo2023

@_crypto_crack I agree.

@andriko Just thinking that there might be value in preserving the data around the fork (or screenshot the dashboard) as reference points for future forks?

👏 One of the best blog posts we've published to date at Metrika recapping what happened during the Shapella upgrade through the use of our dashboards. 🖧 A few operational issues that happened during Shapella (missed blocks, node client bugs, etc.) which you can check out on our live annotated dashboards looking back 2 weeks, at the time of the upgrade. lnkd.in/e-s9ejar 👇