Everstake Achieves SOC 2 Type 1 Certification, Strengthening Web3 Security Amid Crypto Growth
Miami, USA, January 30th, 2025, Chainwire
Everstake, a leading global staking provider and blockchain solutions company, has obtained AICPA System and Organization Controls (SOC 2) Type 1 certification. The certification follows a comprehensive compliance audit of Everstake’s staking infrastructure, conducted by the independent cybersecurity firm Prescient Security, verifying adherence to top-tier security and privacy standards while delivering enterprise-level protection against cyber threats for both individual and institutional stakers.
In the evolving Web3 space, SOC 2 certification serves as an important bridge to traditional enterprises by aligning industry standards with those established in Web2.
Thus, SOC 2 certification is a notable milestone for Everstake, highlighting its commitment to maintaining the highest standards of security, availability, processing integrity, confidentiality, and privacy in customer data management. This certification also reflects the company’s dedication to operational transparency, enabling the continuous monitoring of security measures and controls that allow Everstake to strengthen its security framework consistently.
The SOC 2 audit also confirms that the company’s infrastructure can ensure client funds’ safety and effectively address cybersecurity threats, including slashing — a penalty imposed on tokens staked with validators who violate network rules. This achievement is especially critical during a crypto market bull run when cyber attacks surge alongside the growing demand for digital assets and DeFi applications.
The growing interest in staking services is evident: over the past year, the amount of staked Ethereum tokens has surged by 74%, rising from 19.5M ETH to 33.99M. Additionally, the amount of active validators has increased by 16%, indicating the heightened demand for staking solutions among crypto holders.
“Securing the SOC 2 attestation underscores Everstake’s ongoing commitment to ensuring the highest security standards are consistently upheld across all operations. With the rising demand for staking services, we recognize the critical importance of dependable infrastructure for the proper functioning of blockchain systems. Our mission is to pave the way for Web3 innovation while protecting token holders and inspiring the industry to adopt the best cybersecurity practices,” said Denys Avierin, Chief Information Officer at Everstake.
About Prescient Security:
A Global Top 20 Independent Audit and Penetration Testing Company, Prescient Security delivers unparalleled quality in audits, attestations, and certifications to ensure excellence and client success. Using a Risk-Based Audit Approach versus a Requirement-Based Audit Approach, paired with the ability to customize audit deliverables based on specific client needs, Prescient Security operates from a cybersecurity standpoint first, is comprehensive yet granular, and in a fraction of the time.
About Everstake:
Everstake, founded in 2018 by blockchain engineers, is a world-leading provider of staking and blockchain solutions. Operating across over 80 networks with 735,000+ delegators, Everstake ensures high uptime with its global infrastructure and expert team. Beyond staking, the company invests in Web3 solutions, develops L1 infrastructure for networks like Ethereum and Solana, and contributes to the growth of projects like Wormhole. Everstake also leads in educating the blockchain community, empowering users with insights into Proof-of-Stake and Web3 technologies.
