On April 28, 2025, at the Unchained Summit held in Dubai, Gu Ronghui, co-founder of CertiK and professor at Columbia University, delivered a keynote speech emphasizing the need to seek a balance between innovation and security in the development of Web3. He pointed out that blockchain technology has become a global financial infrastructure with a market value of $2.95 trillion, but security challenges remain severe. In the first quarter of 2025, the industry suffered losses of up to $1.67 billion due to hacker attacks, a 303% increase compared to the previous quarter, with the Ethereum ecosystem becoming a primary target for attacks.
Using CertiK as an example, Gu Ronghui provided an in-depth interpretation of solutions related to smart contract auditing, security ratings, threat monitoring, compliance consulting, and anti-money laundering. As a leading global Web3 security company, CertiK's services cover 150 countries, with over 4,900 clients, protecting assets worth a total of $530 billion, and collaborating with regulatory agencies in six countries or regions, including Singapore, Hong Kong, and Dubai, to support the implementation of compliance policies.
The Unchained Summit, as Dubai's premier Web3 event, attracted top institutions such as Bitwise Asset Management and Franklin Templeton, supported by the Dubai Virtual Assets Regulatory Authority (VARA). With a high-profile lineup and forward-looking vision, it drew numerous industry leaders to participate in discussions. In addition to Gu Ronghui, other attendees included Ella Zhang, CEO of YZi Labs; May Zabaneh, Vice President of Global Crypto Products at PayPal; Lennix Lai, Chief Business Officer of OKX; and Sandeep Nailwal, co-founder of Polygon Labs, who engaged in in-depth discussions on cutting-edge topics such as the integration of AI and Web3, the expansion of decentralized finance, and RWA.
As a system security expert in formal verification, Gu Ronghui further elaborated on the importance of compliance for the development of Web3 at the Unchained Summit. He noted that compliance is not only an order guarantee beyond technology but also a core pillar for the sustainable development of the industry. Gu Ronghui emphasized that regulatory policies should adhere to the principles of "manageable, visible, and enforceable." To this end, CertiK supports global regulatory agencies in better understanding and supervising blockchain transactions and technological pathways through public audit reports and on-chain tools like Skynet, aiding in policy formulation and execution.
It is noteworthy that this scholar-entrepreneur is participating in the construction of the global Web3 governance system in multiple capacities: according to public information, Gu Ronghui has been involved in policy formulation for institutions such as the Monetary Authority of Singapore and the Hong Kong Web3 Task Force, contributing insights to optimize regulatory frameworks from a technical perspective. Industry observers point out that this new model of deep involvement by technical experts in policy formulation may provide important practical examples for regulatory innovation in Web3.
At the end of his speech, Gu Ronghui stated, "CertiK hopes to promote the orderly and compliant development of the industry through cooperation with regulatory agencies in various countries, as well as with major institutions like New York Community Bancorp and Ant Group." He has previously mentioned multiple times that compliance is a necessary path for Web3 to move towards the mainstream. Only through collaboration can innovation and security achieve a win-win situation. CertiK's practices have set a benchmark for the industry, but finding a balance between decentralized ideals and regulatory requirements remains key to future development. With global policies gradually clarifying, Web3 is expected to usher in more robust growth in the coming years.
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