Cryptocurrency custody specialist Fireblocks released dApp Protection and Transaction Simulation to safeguard institutional DeFi users from bad actors and malicious attacks in the Web3 space.
Fireblocks' tools have been tested since December with firms like Galaxy and Flowdesk, enabling monitoring and evaluation of decentralized applications across 40+ blockchains.
Institutions diving into DeFi face increased risks due to rising crypto prices, turning to platforms like Uniswap and Aave; Fireblocks aims to assist with threat detection.
Fireblocks' new products aim to detect suspicious smart contracts, phishing sites, and compromised dApps, addressing the escalating risks in the DeFi ecosystem.
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