Securing Crypto with AI: Vito Giovannetti’s Vision for a Safer Web3

In this interview, we had the privilege of speaking with Vito Giovannetti, the COO and co-founder of ChainPatrol, a Web3 security company focused on brand protection in the rapidly growing decentralized landscape. Vito shared insights into the emerging threats in the crypto world, highlighting the increasing dangers of phishing, impersonation, and wallet drainers. As crypto’s popularity continues to rise, so do the risks that organizations face from bad actors. Vito’s company addresses these challenges head-on, blocking threats and managing takedowns for major Web3 brands.

Vito’s journey into the blockchain world started with a simple exposure to crypto trading. It wasn’t until late 2021, when the rise of fraudulent activities like rug-pulling and impersonation became a serious concern, that he and his co-founders decided to take action and create a safer environment for Web3 organizations. Through ChainPatrol, they’ve been able to offer peace of mind to companies navigating this rapidly evolving space.

Beyond his work at ChainPatrol, Vito’s career is marked by a series of notable achievements, including supporting entrepreneurs across Canada. His passion for technology and security, combined with his desire to make crypto safer for everyone, has made him a driving force in the industry. In this interview, Vito emphasizes the importance of understanding what crypto is—its potential as a payment method, its role as a store of value, and how it intersects with many aspects of our financial and creative industries.

Securing the Future of Crypto: Vito Giovannetti’s Mission with ChainPatrol

When Vito Giovannetti and his co-founders launched ChainPatrol, their goal was clear: protect the rapidly growing world of Web3 from malicious actors. “We can make it safer,” Vito explains, reflecting on their mission to block phishing, impersonation, and wallet drainers across the crypto space. As the COO of ChainPatrol, Vito leads efforts to protect major brands in Web3 by detecting and managing off-chain threats. The company’s core focus on brand protection in an ever-evolving digital landscape is not just about defending against attacks but ensuring the integrity and trust of the Web3 ecosystem.

Vito’s journey into the world of blockchain and decentralized networks began with a simple exposure to crypto through a friend. But as he and his co-founders dove deeper into the space, they quickly realized the dangers that were lurking in the shadows—ranging from social media impersonations to the rise of rug pulls. “We saw close friends getting dinged left, right, and center,” Vito recalls. That’s when ChainPatrol was born—a response to the growing need for security and stability in the crypto and blockchain space. His company aims to provide peace of mind by stopping these threats before they reach their target.

What makes Vito's perspective so refreshing is his down-to-earth approach to crypto. While he isn’t personally invested, he sees its potential for transforming how we conduct transactions. “Crypto is an alternative to money,” he says, recognizing its future role in day-to-day payments and as a digital asset with real value. For Vito, the key to the industry’s success is ensuring that we understand its many facets—whether it's NFTs, stablecoins, or its role in reshaping global financial systems. And as the industry grows, protecting these assets becomes more critical than ever, something Vito and ChainPatrol are determined to lead the charge on.

Vito Giovannetti on Tackling the Growing Threats of Crypto Fraud and Impersonation

Vito Giovannetti’s journey into the world of crypto security began with a passion for 3D websites and NFT collections, which led him to build his first company, Treasured. Through this venture, he became exposed to the booming digital art and crypto communities. As Vito and his co-founders began collecting NFTs, they realized a growing problem—rug pulls, wallet drainers, and fraudulent crypto schemes were targeting even the tech-savvy. “We saw people losing money with just one click,” Vito says, reflecting on the urgency they felt to take action. This led to the founding of ChainPatrol, a company dedicated to protecting users from crypto-related fraud and scams.

What sets ChainPatrol apart is its mission to not only protect the financial assets of crypto users but to make the internet safer for everyone. Vito and his co-founders recognized that the scale of the problem was far greater than they anticipated. They discovered that non-English speakers and people aged 40-65, many of whom were not born into the digital age, were especially vulnerable to these threats. “We realized that leaders needed to emerge, people committed to making the internet safe forever,” Vito says, driving home the need for strong, ethical leadership in the space. It’s not just about building a successful business—it’s about ensuring the long-term safety of the internet and its users.

At the core of ChainPatrol’s work is the battle against impersonation and phishing in the crypto space. Vito explains that bad actors often use cleverly disguised domains and fake ads to trick users into connecting their wallets to fraudulent sites. These threats, often promoted through social media, fake groups, or ads, lead to devastating wallet drainers. Vito describes this growing issue as an industry in itself, with AI and automation fueling the rise of scams. As ChainPatrol works tirelessly to combat these scams, Vito and his team are not just defending crypto—it’s about making the internet a safer place for everyone.

Vito Giovannetti’s Approach to Triage: Securing Web3 with Speed and Precision

Vito Giovannetti’s approach to security is all about rapid response and human touch. As the COO of ChainPatrol, Vito’s team is known for handling security triage faster and more effectively than many multi-billion-dollar security firms. “We are triaging more threats than some of the biggest players in the world,” he says, highlighting their unique combination of AI and human expertise to not only detect but respond to threats in real-time. While automation speeds up detection, it’s the team’s hands-on approach that truly sets them apart, calming users in panic and resolving issues with speed and empathy. ChainPatrol’s ability to align with key milestones in Web3 companies’ roadmaps, like TGE and mainnet launches, ensures that the company is always prepared for spikes in threat volume.

Throughout the past year, ChainPatrol has become a trusted partner for some of the largest names in crypto. From protecting major token launches in the Ethereum L2 ecosystem to managing thousands of takedowns during high-stakes events like airdrop launches, Vito’s team has demonstrated their ability to handle massive volume while keeping pace with the ever-evolving threat landscape. “Our goal is to work with pace and volume that targets companies of all sizes,” Vito explains, highlighting how ChainPatrol tailors its services to meet the specific needs of every client. Whether it’s combating fake domains or moderating malicious comments during a predictive market launch, ChainPatrol's adaptive protection has earned them a reputation as the go-to security partner for crypto-native scams.

A core part of their proactive strategy is building strong incident protocols before a threat even occurs. Vito emphasizes that prevention is better than cure, with 24/7 detection on new threats and malicious sites. “We can get a site restricted or flagged, but it’s the removal that really matters,” Vito explains. ChainPatrol goes above and beyond by gathering reliable evidence and using legal action to get malicious threats removed from the web. For users who aren’t tech-savvy, Vito’s team works to keep security practices simple and accessible. With educational materials and clear, actionable steps, ChainPatrol is dedicated to being a key layer of security for everyone in the Web3 space.

Vito Giovannetti’s Vision: AI, Security, and the Future of Crypto Protection

Vito Giovannetti, co-founder of ChainPatrol, has a clear message when it comes to protecting crypto users: always verify and take precautions. "Make sure 100% before you do anything with your wallet that you have verified," he stresses. In an era where one wrong click can cost thousands of dollars, Vito emphasizes the importance of test transactions, double-checking with others, and practicing caution, especially when using connected wallets. ChainPatrol’s proactive security approach helps organizations and brands safeguard millions of crypto wallet users, all while providing users the peace of mind they need to explore the digital world safely.

Looking ahead, Vito is particularly excited about the potential of AI in transforming security practices. “AI will save people billions of dollars and reduce billions in losses,” he predicts. Vito believes that while many view AI as a potential threat, it can actually be a powerful tool for altruism and security, enabling companies like ChainPatrol to respond to threats faster and more effectively. Through AI, Vito and his team are building unique models for threat detection, blocking, and takedowns, hoping to leverage this technology to fight the bad actors behind crypto scams.

When asked for advice on starting a company, Vito shared a simple yet powerful message: believe in yourself. "It doesn't take months to start a company, you can do it in minutes," he encourages aspiring entrepreneurs. With tools like AI and SaaS platforms, the barriers to entry are lower than ever. Vito stresses that combining passion with expertise is the key to becoming an investable entrepreneur. With a strong belief in your mission and a willingness to ask for help when needed, the path to success becomes that much clearer.