Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
The Fantom blockchain has added crypto security firm De.Fi’s tools for users on its platform, a representative told CoinDesk on Tuesday.
As a security tool meant for protecting user transactions, De.Fi claims to have recorded and analyzed over 12 million issues from 1.15 million contracts in the past two years.
In the decentralized finance (DeFi) ecosystem, users depend on themselves to self-custody their assets and protect against scams such as rug pulls, phishing attacks and contract exploits.
De.Fi‘s products for Fantom include Scanner, which can automatically assess and assign a security score to smart contracts on the blockchain; and Shield, which analyzes user wallets and allows them to revoke approvals deemed risky by the tool.
“As blockchain technology gains adoption and proliferates, so do threats to its security,” said Michael Kong, CEO at Fantom Foundation, in a statement to CoinDesk. “Fantom is pleased to welcome De.Fi‘s Web3 Defense Suite to its ecosystem, which will further complement Fantom’s best-in-class smart contract security offerings.”
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Post Disclaimer
The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.