Forta Launches Web3 Firewall to Prevent Reentrancy Attacks
Forta Launches Web3 Firewall to Prevent Reentrancy Attacks
🛡️ This Beats Frontrunning
Forta has introduced a new Web3 firewall solution that integrates directly into transaction flows to prevent reentrancy attacks. Key features include:
- Blocks malicious transactions before block inclusion
- 99%+ attack detection rate with <0.001% false positives
- Response time under 50 milliseconds
- More effective than traditional auto-pausing methods
The system functions similarly to Web2 application firewalls but is specifically designed for blockchain environments. All transactions must pass through the firewall before execution, providing enhanced security compared to frontrunning-based protection methods.
Learn more: Check out Forta Firewall on Product Hunt to explore its capabilities.
Forta Firewall Reaches 300M Transaction Milestone
Forta Firewall has achieved a significant milestone by screening 300 million blockchain transactions. The platform provides real-time security and compliance services for major blockchain networks including: - Plume Network - Celo - INK Chain (Kraken's L2) - All Gelato rollups Recent integrations and developments: - INK Chain implementation for threat prevention - $868K theft identified in June Ethereum phishing report - New Messari report recognizing Forta as essential infrastructure - OFAC compliance tools for chain operators The platform scaled from 200M to 300M transactions in just weeks, demonstrating growing adoption in blockchain security.
Forta's FORTRESS Neural Network Achieves 99% Accuracy with Minimal False Positives
Forta's custom neural network FORTRESS continues to enhance its detection capabilities with impressive precision metrics: - Maintains >99% recall rate in threat detection - Reduces false positives to less than 0.0002% - Represents a 5x improvement from previous 0.001% false positive rate This advancement marks a significant milestone in automated blockchain security monitoring, demonstrating FORTRESS's growing capability to accurately identify threats while minimizing false alarms. *The system's improved precision helps reduce alert fatigue while maintaining high security standards.*
Multiple Phishing Attacks Lead to $3.1M Loss Despite Early Detection
A series of phishing attacks on Ethereum Mainnet resulted in significant losses, highlighting the importance of timely security responses: - $3.1M lost in recent attack despite Forta Firewall detection at 5:04 PM UTC - Victim approved malicious contract at 6:28 PM UTC, after detection - Previous week: $730,000 stolen from SuperRare due to access check vulnerability - July report: 1,069 malicious contracts identified, stealing 181.5 ETH + tokens These incidents demonstrate the critical window between threat detection and user response. **All attacks could have been prevented with proper security measures and immediate action on alerts.**
Forta Firewall Introduces Allowlist Feature for Permissioned Chains
Forta Firewall has launched a new allowlist feature enabling chain operators to implement permissioned access control. Key updates: - Chain operators can now define specific criteria for chain interaction - Support for KYC-verified users and custom access parameters - Built-in compliance features at infrastructure level This follows March's security enhancement that included: - Dynamic Freeze Module for offchain threat response - Multi-Monitoring alert system - Enhanced on-chain threat defense [Learn more about allowlists](https://www.forta.org/blog/how-forta-firewall-enables-permissioned-chains-with-allowlists)
OFAC Compliance Becomes Critical Infrastructure for Blockchain Rollups
**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)