Forta Launches Web3 Firewall to Prevent Reentrancy Attacks

🛡️ This Beats Frontrunning

By Forta
Nov 21, 2024, 3:26 PM
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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.​

Sources
Read more about Forta

Forta Builds Compliance Infrastructure for Institutional Blockchain Adoption

Forta is developing compliance infrastructure to support the movement of financial institutions onto blockchain networks. The company anticipates a regulatory environment where all assets exist on-chain with built-in compliance enforcement. **Key developments:** - Financial institutions are beginning to migrate operations on-chain - Compliance infrastructure represents a critical missing component for institutional adoption - Forta Firewall is positioned as the solution for this compliance layer The initiative addresses the gap between traditional financial regulatory requirements and blockchain technology. As regulatory frameworks become clearer, Forta aims to provide the tools institutions need to operate within compliance parameters while leveraging blockchain benefits. For more details on how Forta Firewall addresses institutional compliance needs, visit [their blog post](http://www.forta.org/blog/financial-institutions-need-compliance-infrastructure).

Forta Firewall Now Writes Security Records Directly to Host Chains

Forta Firewall has introduced native record-writing capabilities, allowing security decision records to be written directly to the host chain. **Key changes:** - Security policies and their enforcement decisions now live on the same chain - Eliminates the need for separate record-keeping infrastructure - Improves interoperability and composability across chains - Reduces technical complexity for implementation This update streamlines the security monitoring process by consolidating where decisions are made and stored, making it easier for chains to maintain transparent security records. [Read the full announcement](https://www.forta.org/blog/firewall-records-go-native-write-security-decisions-directly-to-your-chain)

SwapNet Exploit Drains $13.3M USDC Through Approval Vulnerability on Base

SwapNet Exploit Drains $13.3M USDC Through Approval Vulnerability on Base

A security exploit on SwapNet resulted in the theft of $13.3 million USDC on the Base network. The attacker exploited an arbitrary-call vulnerability combined with existing maximum token approvals to drain funds via transferFrom. **Key Details:** - The attack leveraged pre-existing user approvals as an attack vector - Forta Firewall detected the malicious activity in real-time - This incident follows a similar pattern to a previous $563K aEthUSDT theft **Security Implications:** - Token approvals continue to represent a significant security risk - Users with maximum approvals to compromised contracts are vulnerable - Real-time monitoring systems can flag threats but prevention requires user action

Forta Partners with Plume Network to Secure RWA Ecosystem

Forta Partners with Plume Network to Secure RWA Ecosystem

Forta has announced a partnership with Plume Network to enhance compliance and security for real-world asset (RWA) tokenization. **Key Points:** - Forta will provide security monitoring for Plume's Layer 2 blockchain - Plume specializes in bringing traditional assets like real estate, commodities, and financial instruments on-chain - The network recently raised $20M in Series A funding - Over 150 projects are already building on Plume before its official launch The collaboration aims to establish Plume as a trusted infrastructure for tokenized assets by integrating Forta's real-time threat detection capabilities. This partnership addresses critical security needs as traditional finance increasingly moves on-chain through RWA tokenization.

Forta Firewall Featured in Messari's State of AI Report

**AI-powered blockchain security gains recognition** as Forta Firewall appears in Messari's latest State of AI report. The inclusion highlights how **artificial intelligence is becoming integral** to onchain security infrastructure. Forta's AI-driven transaction screening technology represents the evolution of blockchain defense mechanisms. - AI-powered attackers require AI-powered defenders - Real-time transaction screening at scale - Growing integration across multiple blockchain networks With **290M+ transactions already screened**, Forta Firewall demonstrates practical AI implementation in blockchain security, moving beyond theoretical applications to active threat detection.

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