Forta

A sophisticated attacker exploited NGP protocol on BNB Chain, **draining $2 million** through a flash loan manipulation scheme. **Attack Method:** - Used flash loans to distort price feeds - Bypassed built-in buy limits - Successfully cashed out before detection **Detection Response:** Forta Firewall **flagged the attack instantly**, demonstrating real-time monitoring capabilities. This follows a pattern of similar price manipulation exploits on BSC, including a recent $158K drain targeting D3X_AI. **Key Takeaway:** While detection systems are improving, attackers continue finding ways to exploit DeFi protocols through **sophisticated price manipulation techniques**. The incident highlights the ongoing cat-and-mouse game between security systems and malicious actors in decentralized finance.

**Forta is hiring a Backend Engineer** to build infrastructure that secures the on-chain economy. The role focuses on: - Distributed systems development - Blockchain technology integration - Security infrastructure building This position targets developers passionate about creating robust systems that protect blockchain networks from threats. **Apply now** at [Forta's job portal](https://jobs.forta-report.com/)

**Forta Firewall** has enhanced its compliance capabilities by adding **1-hop OFAC screening** to its real-time monitoring system. **Key Features:** - Blocks wallets directly connected to sanctioned addresses - Maintains **sub-6ms latency** with zero transaction flow impact - Covers OFAC, UK, and EU sanctions lists This expansion addresses growing regulatory pressure on blockchain networks to implement comprehensive compliance screening. The technology flags and blocks not just sanctioned addresses, but also wallets one transaction away from them. [Read more](http://www.forta.org/blog/forta-firewall-expands-sanctions-screening)

**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)

Forta's security monitoring revealed a significant phishing campaign on Ethereum Mainnet: - 1,069 malicious contracts identified - 181.5 ETH and 178 different tokens stolen - Total losses exceed $868K A detailed case study shows how one victim lost $59,000 in WBTC through a single malicious approval. The attack happened gradually: - Initial phishing transaction granted token approvals - Multiple small withdrawals to avoid detection - Victim remained unaware throughout the process **Key Security Tips:** - Regularly revoke unused approvals - Monitor wallet activity frequently - Verify all dApp interactions thoroughly *Remember: Most crypto thefts occur silently, one transaction at a time.*

A significant security breach has affected GemPad across multiple blockchains - Ethereum, BSC, and Base - resulting in a $2M loss through a reentrancy attack. The incident was detected by Forta Firewall's security systems. This attack follows a pattern of recent crypto security incidents, including: - Penpie's $27M reentrancy exploit - Onyx Protocol's $4.2M market manipulation - Bedrock DeFi's $1.7M smart contract vulnerability These incidents highlight the growing importance of preventative security measures in DeFi protocols. **Learn More**: Visit Forta's blog to understand how these attacks can be prevented.

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.

DeFi attacks originating from private mempools have increased from 14% to 48% in just two years. These hidden pools bypass traditional defenses, posing a significant threat to crypto security. Private mempools allow attackers to execute transactions secretly, evading front-running defenses like protocol pauses or rescue transactions. Forta Firewall offers a solution by: - Simulating transactions in real-time - Blocking malicious actions from private mempools - Preventing attacks without pausing protocols or affecting legitimate users As DeFi attacks evolve, prevention becomes crucial. Learn more about mempool risks and Forta Firewall's protective measures in the full article.