It's great having @DecurityHQ securing the blockchain at the milliseconds game. Competition in this space is what will make the last line of defense stronger!
4/ Balancer V2 reached 54% of funds-at-risk in minute one, 93% by minute five.
Even at that speed, @BitFinding's whitehat bot intercepted the attacker in the very next block - 12 seconds after the first malicious tx. ~$1M returned to Balancer DAO.
An AI agent that monitors every block, hunting smart contract hacks would be great right? Well @BitFinding is building it, and it has rescued $1.3M and counting.
Learn more: https://t.co/yzckaUuZs3
Support: https://t.co/viroDhjw2u
This is the kind of security crypto needs more of: technical, proven, and built for the whole ecosystem.
Today it is only rewarded through bounties. @Giveth lets the ecosystem fund it proactively.
With QF, even $10 can carry far more weight.
https://t.co/Lp9JGSq0Dj
Our whitehat bot fuzzes the blockchain on real time, detecting and intercepting exploits.
As an example, only during the Balancer attack, we secured >$1M in a single block.
We’re raising on @Giveth QF to scale our public-good infrastructure.
Happening today: @BitFinding’s founders are joining @Crypto_ISAC to walk through how their on-chain Exploit Interception Agent responded to the recent Balancer exploit in real time.
⏰ Today, 9 AM PT/ 12 PM ET
🔗 Last chance to register: https://t.co/NH9SeT3fyD
Join us, we'll present what happened during the 2 hours following the initial Balancer attack, including the malicious and whitehat transactions in all the chains
DeFi defense at block speed, not alert speed. ⚡️
Join @Bitfinding founders as they unpack the Balancer composable stable pool exploit and how on-chain interception stopped it in its tracks.
Brought to you by @Crypto_ISAC in collaboration with @Bitfinding.
📅 Dec 18 • 12–12:45 PM ET
🔗 Register: https://t.co/qr5whVggPn
What a Devcon for us. Only during the @summit_defi , we had 4 shoutouts including the closing panel
We hope to inspire more teams to participate in whitehats and that protocols realize there's a real last line of defense for them.
Thank you @iphelix, @0xJuani, @coconuthaxor
We optimize for rescued funds.
This allows us to avoid false positives which are the main reason protocols don't automatically respond to alerts.
Thank you @Montyly!
Alternatives like @BitFinding look promising. And if you are building a DeFi project and want to talk to offensive security people who are on the good side, know firsthand that these are very technical folks
Last week we helped @balancer recover part of the hack by intercepting exploits worth $1M. We identified and backrun the hacker in less than 5 seconds.
Full timeline below ⬇️