The Big Blind Spot in Crypto Security: 48% of Attacks Can’t Be Stopped — Yet

Key Takeaways:

– 48% of DeFi attacks now originate from private transaction pools, bypassing traditional defenses.
– Current prevention methods, like front-running by either pausing a protocol or performing a rescue transaction, no longer work against these sophisticated threats.
– Transaction screening, enhanced by transaction simulation, offers a proactive way to block malicious transactions before they can cause harm.
– Adopting this new approach is essential for maintaining trust and protecting assets in the evolving digital finance landscape.

In just two years, attacks from mempools (private transaction pools like Flashbots) have surged from 14% to 48%. These pools, hidden from public view, allow attackers to bypass traditional defenses, exploiting vulnerabilities without detection. This rise in sophisticated attacks exposes the stark limitations of current security approaches.

Forta Firewall is specifically designed to address these evolving threats. It focuses on analyzing transactions before they are added to a block, ensuring malicious transactions are identified and blocked before they can do harm.

Why Existing Defenses No Longer Work

1. Protocol Pausing: Too Slow and Disruptive. Pausing activity when suspicious behavior is detected often fails to stop fast-moving attacks from private transaction pools. Forta Firewall, on the other hand, surgically blocks malicious transactions in real-time without disrupting normal operations.

2. Funds Rescue Transaction: Ineffective Against Private Transactions. Front-running protective transactions falls short when facing private pools, where visibility is limited. Forta Firewall overcomes this by using pre-chain analysis to stop attacks before they are executed, regardless of visibility.

Both methods are reactive and struggle to stop stealthy, private attacks that bypass traditional defenses. That’s where Forta Firewall steps in as a proactive solution.

The Future: Proactive Defense with Forta Firewall

Forta Firewall represents the next generation of security for digital finance. Unlike traditional tools, it proactively evaluates and blocks high-risk transactions before they can cause damage. This solution, combined with Forta’s advanced transaction simulation and AI-driven insights, offers unparalleled protection.

How Forta Firewall Works:

– Proactive Defense: Forta Firewall blocks malicious transactions pre-chain, before they’re executed.
– Full Coverage: It works across public and private transaction pools, stopping both simple and complex attacks.
– Minimal Disruption: Unlike protocol pausing, Forta Firewall only blocks harmful transactions, leaving legitimate users unaffected.

Enhancing with Transaction Simulation

The true power of Forta Firewall lies in its ability to simulate and analyze transactions in real-time. By leveraging Forta’s state-of-the-art AI and anomaly detection, it forecasts the outcome of each transaction, identifying potential risks and stopping malicious actions before they occur.

– Risk Forecasting: Forta Firewall simulates transactions to predict risks.
– Pattern Analysis: It uses Forta’s advanced AI to detect suspicious behaviors.
– Preemptive Blocking: Forta Firewall prevents harmful transactions from executing.

This advanced screening and simulation process ensures the system is ready to handle even the most complex and stealthy attacks.

Why It Matters Now

With nearly half of all DeFi attacks originating from mempools, the need for stronger defenses has never been more urgent. Traditional methods like front-running by either pausing a protocol or performing a rescue transaction are insufficient. Forta Firewall offers the next level of protection, making it possible for protocols to prevent attacks, rather than just detect them.

Forta Firewall: The Solution to DeFi’s Most Serious Threat

As the digital finance ecosystem continues to grow, so do the threats. Forta Firewall is leading the charge in exploit prevention, offering a comprehensive solution that combines transaction screening, simulation, and AI-driven analysis. This powerful tool not only blocks malicious transactions but also adapts to evolving threats, ensuring long-term security and trust. Interested in securing your protocol with Forta Firewall? Get in touch with the Forta team to learn more about how Firewall can protect your smart contracts from sophisticated attacks.

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