Crypto Security Firm Ironblocks Builds 'Firewall' for DeFi Protocols
Summary
Ironblocks has launched a free "Firewall" tool for developers to add security to smart contracts in decentralized finance protocols. The tool allows developers to monitor transactions for suspicious activity and stop specific transactions that may attack the application. It is being used by several big-ticket users and is not intended as a direct moneymaker for Ironblocks. The tool aims to prevent hacks in an ecosystem where code immutability makes updates challenging. Developers can add and remove security policies as needed, and the goal is to prevent hacks before they occur.
