Crypto Custody Firm Fireblocks Now Offers DeFi Threat Detection for Institutions
Summary
Cryptocurrency custody specialist Fireblocks has launched dApp Protection and Transaction Simulation products to help institutions avoid malicious attacks in the decentralized finance (DeFi) sector. The tools, which have been in beta testing since December with Galaxy and Flowdesk, can check decentralized applications across over 40 blockchains. They look for suspicious smart contracts, phishing websites, and compromised dApps by identifying malicious patterns such as imitative URLs, harmful javascript elements, and suspicious registrars. The tools also offer transaction simulation to provide users with an expected outcome.
