Forta Newsletter #34

This week in Forta! Forta to Power Solidus Labs’ Anti-Fraud Solutions. The Forta community uncovers a new type of scam: Sleepdrops. Scam Detector findings offer a window into the threat landscape. Forta’s Attack simulation bot gets a major update from the community.

Forta to Power Solidus Labs’ Anti-Fraud Solutions. Solidus Labs, an industry leader in user protection, has chosen to enhance its fraud protections for DeFi investors by leveraging the Forta Network. The firm is integrating Forta's threat intelligence to advance their Web3 AML and DeFi fraud-detection solutions. This collaboration not only marks an important step towards a safer DeFi ecosystem but also solidifies Forta's position as a leading provider of threat intelligence in the blockchain space​.

The Forta community uncovers a new type of scam: Sleepdrops. The Forta community has just discovered a new type of crypto scam affecting thousands of users and aptly named the "Sleepdrop" scam. The scam impersonates legitimate tokens and airdrops them to unsuspecting users from a mimicked ‘legitimate address’, creating an illusion of security. Once users connect their wallets to the scam's website, they're tricked into signing a transaction that results in transferring a small amount of ETH, culminating in a native ice phishing scam. Tokens from popular platforms such as USDC, Uniswap, Chainlink, and MakerDAO have been impersonated.

Scam Detector findings offer a window into the threat landscape. The Forta Scam Detector has discovered more than 7,000 scammer addresses in May alone, offering a unique insight into the most prolific scams in the Web3 space.The Scam Detector provides an invaluable snapshot of the threat landscape, aiding in the development of robust countermeasures. These insights empower both individual investors and businesses, arming them with the knowledge to navigate the DeFi landscape safely and avoid potential threats​.

Forta’s Attack simulation bot gets a major update from the community. The community-driven Attack Simulation Bot, just received a significant upgrade. The bot works by detecting exploit functions in published smart contracts and simulating their execution in a secure environment, effectively preventing harm from malicious contracts. By detecting new contracts, searching for callable functions, simulating transactions, and checking for significant fund increases in potential attacker accounts, the bot provides a robust first line of defense. It even cleverly determines and fuzzes up to five parameters for exploit functions, a cutting edge capability​​.

Forta Around the Web

- Sturdy Protocol attack detected by Forta
- What detection bot use cases do you envision?
- Rake token attacks victims lose 20+ ETH in ongoing detected scam

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