Newsletter #58

This week in Forta! Unveiling Forta’s new Community Resources hub. Three million FORT locked in the FORT Staking Vault. Nethermind team accelerates Forta innovation in internal hackathon. Forta detects Pike Finance hack before exploitation on three networks.

Unveiling Forta’s new Community Resources hub. Forta has launched a new Community Resources hub, featuring official/endorsed social links and innovative Forta-powered projects built by the community. With millions of FORT already distributed to the community, the Forta ecosystem continues to grow and thrive. Want to showcase your Forta-powered project? Just submit it through the provided form and the team will be in touch!

Three million FORT locked in the FORT Staking Vault. The FORT Staking Vault is on a roll, hitting an impressive milestone with three million FORT now securely locked! Don't miss out—join the momentum, earn rewards, and stake your FORT to secure the network!

Stake Now

Nethermind team accelerates Forta innovation in internal hackathon. The Forta Foundation just partnered with the Nethermind team to host an internal hackathon, encouraging web3 monitoring innovation among participants. Winning projects included EigenWatcher for monitoring EigenLayer, Forta Frame for scam alert dissemination in Farcaster, and Forta Smart Search for AI-powered insights from Forta Alerts. Explore the detailed recap and discover how these innovations are shaping the future of blockchain security on the Forta blog.

Forta detects Pike Finance hack before exploitation on three networks. On April 30th, Pike Finance suffered a $1.6M loss due to an exploit. Originating from a USDC vulnerability and flawed contract upgrades, the hack was detected by Forta several times before funds could be drained. Misaligned storage mapping in upgraded contracts allowed attackers to bypass admin access and withdraw funds across Optimism, Arbitrum, and Ethereum mainnet. Forta's early detection on each network highlights the importance of proactive security.

Forta Around the Web

-  Forta and OSU conclude successful research collaboration
-  My Arrakis, my Dune Dashboard
-  FIT21 passes U.S. House, securing web3 is next!