Forta Detects Major Phishing Operation on Ethereum Mainnet

**Forta Network is hiring a Backend Developer** to help protect the blockchain ecosystem from hackers and threats. The role focuses on: - Building security infrastructure for onchain monitoring - Developing systems to detect malicious blockchain activity - Working with a decentralized network of detection nodes Forta operates a real-time detection network that scans blockchain transactions for security threats. The platform allows developers to create detection bots and ML models that run across the network. [Apply here](https://job-boards.greenhouse.io/forta/jobs/6966543003)

**Bunni Protocol suffered a $2.4M exploit** due to a precision bug that allowed attackers to drain USDT/USDC vaults. **Attack Details:** - Exploiter targeted vault precision vulnerabilities - Drained stablecoin reserves before converting to ETH - Attack executed successfully despite real-time detection **Detection vs Prevention:** - Forta Firewall detected the exploit in real-time - **Losses could have been prevented** with proper integration - Similar pattern to previous $158K D3X exploit on BSC This incident highlights the gap between **detection and prevention** in DeFi security, where real-time monitoring exists but isn't always implemented effectively.

**Forta Firewall successfully detected a massive $30M+ phishing attack** that targeted a Venus Protocol user on Binance Smart Chain. This detection adds to Forta's growing track record of identifying threats: - **Recent phishing campaigns** across multiple Layer 2 networks disguised as airdrop claims - **$1M scam using EIP-7702 upgrade** to give attackers full wallet control - **Monthly detection of 1,000+ malicious contracts** on Ethereum Mainnet **Key security insights:** - Forta flags threats at contract deployment, often hours before victims interact - Protected chains can prevent these attacks from succeeding - Phishing remains a persistent threat across all blockchain networks The detection reinforces the importance of real-time blockchain security monitoring as attackers continue targeting DeFi users with sophisticated schemes.

**Forta Firewall** has partnered with **Plume Network**, a leading real-world asset (RWA) tokenization platform. **Key Partnership Details:** - Plume operates 180+ protocols with $3B+ in available assets - Partnership focuses on enhancing security and compliance for RWA projects - Forta provides real-time blockchain monitoring infrastructure **Why This Matters:** As RWA tokenization grows, robust security infrastructure becomes critical. Forta's decentralized detection network helps identify threats and outlier transactions in real-time. The collaboration positions both platforms to better serve the expanding RWA sector with enterprise-grade security solutions. [Read more details](https://www.forta.org/blog/plume-partners-with-forta-rwa)

**Regulatory compliance** is becoming a core requirement for blockchain networks, particularly regarding OFAC-sanctioned wallet transactions. Key points: - Transactions with sanctioned wallets pose significant regulatory risks - Compliance screening is now essential infrastructure for rollups - Forta Firewall offers a solution for OFAC screening implementation *Security and compliance* are emerging as crucial growth enablers in the on-chain economy. Forta Firewall provides tools to help rollups and protocols prevent potential security breaches and maintain regulatory compliance. Learn more: [Forta's Guide to OFAC Screening](https://www.forta.org/blog/why-ofac-screening-matters-in-crypto-and-how-forta-firewall-helps)