Newsletter #43

This week in Forta! Diversity of Data as a Strength: Forta’s Unique Method of On-Chain Threat Detection. $10k+ in FORT up for grabs via Forta bounties. Learn how Zettablock helps enable Forta’s state-of-the-art ML detection. Address poisoning scams are plaguing Web3, and Forta is detecting them.

Diversity of Data as a Strength: Forta’s Unique Method of On-Chain Threat Detection. Diversity isn't just a buzzword when it comes to Forta's approach to decentralized security—it's a tactical advantage confirmed by data. Compared to centralized solutions, Forta's decentralized model achieved a superior score in threat detection. This collaborative ecosystem is made possible by the aggregation of many signals from many sources, from highly developed ML models to solo dev detection bots. The Fota approach not only outperforms its centralized counterparts but also brings a new layer of resilience against ever-evolving threats like phishing. Don't miss out on the full analytical deep dive on Forta’s blog.

Threat intelligence generated by Forta’s Scam Detector is now ready for your API calls. With the launch of Premium Feeds, Forta’s fully productized Scam Detector is the clear choice for wallets, compliance companies, and RPC providers looking to protect their users. With 15+ scam types covered across seven networks and tens of thousands of addresses flagged each month, your choice of threat intelligence should be clear.

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$10k+ in FORT up for grabs via Forta bounties. This week Forta has been creating bounties at an unprecedented rate, dropping eight bounties with a cumulative $10K in FORT based rewards up for grabs: If you’re up to the challenge, apply below to the still un-assigned bounties and earn rewards for protecting Web3!

- $5,000: Malicious Contract ML Retooling bounty (in partnership with Zettablock!)
- $1,200: Hiding in Plain Sight Evasion bounty
- $1,200: Fake Standards Evasion bounty
- $800: Pink Drainer bounty
- $1,000: Hiding Behind Proxy

Address poisoning scams are plaguing Web3, and Forta is detecting them. Forta’s Scam Detector flagged a scammer who executed address poisoning techniques in 12 different opportunities, draining $147,000 in stablecoin assets. In this scam campaign, the scammer created dozens of addresses to target users with address poisoning techniques. These malicious actors were able to successfully target 12 addresses by sending them zero value transfers and fake tokens. The Scam Detector alerted each instance meaning 100% of the asset draining events could have been prevented. Protect yourself, and protect your users.

Learn how Zettablock helps enable Forta’s state-of-the-art ML detection. Thanks to ZettaBlock’s cutting-edge platform, integrating large-scale historical data for ML has never been more efficient. Via their, Forta researchers have ingested terabytes of data that are then fed into machine learning models. To learn more about the use case, check out Zettablock’s blog. 

Forta Around the Web

- Forta is hiring a software engineer and security researcher to help realize Forta’s mission of eliminating scams and hacks from Web3
- BlockchainReporter on uncovering evasion tactics with Forta!
- Forta featured in Composable Security’s NoBULLSH*T Security Guide

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