BlockSec Phalcon 2.0: Revolutionizing Hack Prevention and Security Protocols
BlockSec Phalcon, the world’s first crypto hack monitoring and blocking system, has launched its 2.0 version, ushering in a new era of fighting against hackers in the Web3 world.
Protocol Security Goes Beyond Code Auditing
According to the team, today, code auditing has become an industry standard, with most protocols undergoing audits before going live. Yet, hackers still frequently succeed, stealing billions of dollars each year.
Security Incident Overview
From January 2023 to the present, there have been 146 major attack incidents, resulting in asset losses exceeding one billion dollars in total. Notably, many of these protocols had successfully passed audits conducted by reputable firms.
- Protocols can have zero-day vulnerabilities.
- Bug-fixing may introduce new attack vectors.
- External dependencies pose significant risks.
- Oversights related to compilers can lead to vulnerabilities.
Enhanced Defense Mechanism
BlockSec Phalcon has been developed to address gaps in existing methodologies. Its features include:
- Precise Detection: Over 200 attack characteristics are utilized to detect potential transactions.
- Attack-Blocking Capability: Immediate action is taken upon detection of an attack.
This ensures protocols achieve zero loss during attack attempts.
BlockSec Phalcon 2.0: Tailored Security Solutions for Protocols
Running internally for two years, BlockSec Phalcon has successfully prevented over 20 attacks, saving clients more than $20 million in potential losses. This is the first security product backed by tangible results in attack blocking.
According to CEO Andy Zhou, “This upgrade empowers project teams with direct attack prevention capabilities.”
David Zong from Bybit remarked, “We are committed to further collaborations with BlockSec.”
Access to BlockSec Phalcon
This invitation-only platform is accessible to selected users. Demonstrations are available for interested parties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.