AKT
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anchored·27n4h4…sKLPSummary
AKT is the native utility token of Akash Network, a decentralized cloud computing marketplace built on the Cosmos SDK and founded in 2015 by Greg Osuri and Adam Bozanich under Overclock Labs. The project operates as a legitimate, open-source DePIN (Decentralized Physical Infrastructure Network) with public governance, audited code, and institutional partnerships including an indirect connection to NVIDIA through the Brev.dev acquisition. No regulatory actions, fraud allegations, or major exploits have been identified, though a responsibly disclosed critical vulnerability was patched in May 2024 and a spam attack disrupted the network briefly in March 2025.
Connected Entities
4 entities · 60 linked investigations- AKT→mentioned with→Coinbase(60%)
- AKT→mentioned with→Kraken(60%)
- Kraken→mentioned with→Coinbase(60%)
- AKT→mentioned with→Cosmos (ATOM)(70%)
Connected Through
3 shared actors · 322 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ♦Coinbasetoken
- □Krakenorganization
- □Cosmos (ATOM)organization
Timeline(15 events)
2015
Akash Network founded by Greg Osuri and Adam Bozanich under Overclock Labs
Understanding Akash: A Comprehensive Overview - MessariMarch 2020
Private funding round raises $2 million at $0.0591/AKT from DACM, Infinite Capital, and Cypher Capital
Akash Network IEO Funding Rounds - CryptoRankSeptember 2020
Akash Mainnet 1 launches with the first functional decentralized cloud marketplace
Akash Network - IQ.wiki21 October 2020
AKT Token Generation Event at $0.39 per token; IEO on BitMax raises $800,000 at $0.35
Akash Network IEO Funding Rounds - CryptoRankMarch 2021
Mainnet 2 launches with Akash Marketplace, flexible bid pricing, IBC compatibility, and deployment tooling
Akash Mainnet 2 - Help Net SecurityNovember 2022
Mainnet 4 upgrade introduces IP leases and Cosmos IBC3 support for cross-chain transactions
Akash Network - IQ.wikiAugust 2023
Mainnet 6 upgrade introduces GPU support, enabling providers to offer GPU resources to deployers globally
Akash Network - IQ.wikiApril 2024
Brev.dev integrates Akash GPU resources, making AKT a balance sheet asset for Brev
Exclusive: Brev.dev joins forces with Akash Network - VentureBeat28 April 2024
ChainLight identifies a critical authentication bypass vulnerability allowing impersonation of deployment owners
Finding a Critical Vulnerability in Akash Network - ChainLightMay 2024
Akash patches and deploys fix for critical authentication vulnerability within 3 days of report; bug bounty paid
Finding a Critical Vulnerability in Akash Network - ChainLight16 July 2024
NVIDIA acquires Brev.dev, indirectly making NVIDIA an AKT balance sheet holder and Akash Network partner
Brev has been acquired by NVIDIA - Akash Network Twitter10 December 2024
CEO Greg Osuri named to CoinDesk Most Influential 2024 list
Greg Osuri: Delivering on DePIN - CoinDesk20 December 2024
AKT debuts as an Exchange-Traded Product on Sweden's Spotlight Stock Market through Valour Inc., with Swedish FSA approval
Akash Network Token Debuts as ETP - BusinessWire29 March 2025
Spam attack targets Akash blockchain and Console, causing network congestion and halting new deployments for several hours
State of Akash Q2 2025 - Messari30 March 2025
Validators raise fees; patch released to prevent recurrence of spam attack
State of Akash Q2 2025 - MessariDecision Log
- slot 457538702 · hash HP5GmMCMpBNQ9ydPLZiTtdPz375nNMhBR7Rig6kewUZp
- slot 425422992 · hash A9Xi1pS47PT6Vjcyk59MzQWMLs8WpkfYVGWUaMW8pLH2
- slot 425422986 · hash GHmYKojPKBFpkdbaZGocrHaviJmvC8VfrT46gFThpyH6
- slot 425417243 · hash Dt7bEAVNGzYp1hoVyoFhos59U9Be3RRKzqBEewdMJPhH
- slot 425417240 · hash J8aBdp9MFWStEecUTqUeYFxEHSMF97aePbbKoC9ARzqm
- slot 424319645 · hash 8uJ982uFiTP8NrUo2jqWwoZBCLxYH5cxjWXNJX7dWU6R
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 16 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/4/2026, 8:52:48 PM
last updated: 6/4/2026, 8:52:48 PM
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