Posts by Alex Rybalko | Blog

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Timeline graphic of the Delve compliance fraud scandal from founding through YC expulsion

The Delve Scandal: How a $300M Compliance Startup Sold Fake SOC 2 Reports and Got Expelled from YC

YC expelled Delve after an investigation revealed 493 of 494 SOC 2 reports were identical boilerplate. Here's the full breakdown of the $300M compliance fraud.

Alex Rybalko·Apr 9, 2026

research

What $10.77 Billion in Hacks Reveals About Audit Effectiveness

Analysis of 100 largest protocol hacks totaling $10.77B. Only 20% were audited, but the ones that were share a pattern. Firm comparison, verified exploit data, pricing, and evaluation criteria.

Alex Rybalko·Feb 25, 2026