Ironblocks

The Modular Web3 Security Layer 🧩

Firewall your smart contracts and rollups. Powered by unified security and decentralized trust. Links:

[Ironblocks @Ironblocks_]

We're proud to launch the first open-source, on-chain, self-service Web3 Firewall – with launch partners @LineaBuild, @KintoXYZ and @alt_layer.

Permissionless integration, robust protection, modular security 🧩

Learn more here: https://t.co/Pc8XYmAfqS.

[OpenZeppelin @OpenZeppelin]

@Ironblocks_ 🛡️ @OpenZeppelin

Interested in learning how an on-chain firewall can prevent exploits before reaching your smart contracts using @VennBuild decentralized transaction validation?

Read the Onchain Firewall Audit blog post and check this thread for a system overview, including security policies and unique execution hooks to prevent attacks.⬇️

[Venn Network @VennBuild]

What is Venn & how will it make Web3 safer? 🤖 ⚡

Venn is a decentralized security infrastructure that leverages the crypto-economic security provided by @eigencloud. It protects blockchain applications & protocols from current & evolving threats.

Let’s dig into how Web3 is on the cusp of a paradigm shift in security. 🧵

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[Or Dadosh @ordadosh]

This is what happened when your firewall is centralized 😬

[Venn Network @VennBuild]

Venn Network aims to protect blockchains by vetting transactions before they execute to prevent attacks that are plaguing the ecosystem.

“It’s about making sure that the assets themselves are protected,” CEO @ordadosh told @CoinDesk.

Learn more below.

https://t.co/vtUDbXZu4t

[Ironblocks @Ironblocks_]

🚨 SECURITY ALERT 🚨

The websites of both @compoundfinance and @CelerNetwork appear to have been compromised in a DNS attack stemming from an issue with SquareSpace.

Celer has assured that funds are safe, and we are still awaiting further updates from Compound. Ironblocks is looking into both situations and will share more info when it becomes available.

[Ironblocks @Ironblocks_]

Ironblocks 🤝 @VennBuild

Web3 security just took a huge leap forward! Together with the Ironblocks Firewall, Venn Network’s decentralized infrastructure is set to change crypto security.

Check out how Venn is transforming security for blockchain protocols and dApps in their blog below 👇

[Venn Network @VennBuild]

We are excited to announce the launch of the Venn Network – the first decentralized cybersecurity infrastructure for blockchains and dApps.

Foundational launch partners include @eigencloud & @ether_fi 🤝

Learn more & read the Litepaper: https://t.co/WNuUVXEnA3

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[Ironblocks @Ironblocks_]

Meet Approved Patterns, our latest AI-driven security policy in The Ironblocks Firewall 🧩

– Continuously learn & integrate transaction patterns on-chain
– Detect novel threats and zero-day attacks
– Maintain operational continuity

Integrate today: https://t.co/kpkNGN8UU1

[Ironblocks @Ironblocks_]

DeFi users, what security feature do you think is most important for blockchain applications? 🤔

Let us know and share your comments below!

[Ironblocks @Ironblocks_]

Transformation in DeFi security with The Ironblocks Firewall 🧩

Let's dive into the first batch of security policies – EOA Only, Balance Change, Allow List and Block List & Forbidden Methods.

Fast deployment, strong defence, and flexible security.

More: https://t.co/EpU5mF83Ge

[Ironblocks @Ironblocks_]

The new Ironblocks' Website is now live!

The modular security layer for Web3 🧩

Learn more about Ironblocks & start firewall-ing your smart contracts and rollups today: https://t.co/P0QDhpN4w1

[Ironblocks @Ironblocks_]

Ironblocks Firewall 🔒 @OpenZeppelin

We are excited to announce the successful completion of the Ironblocks Firewall security audit by OpenZeppelin.

All of the identified issues during the audit and two threat modelling sessions have been resolved.

Find all of the details here: https://t.co/vBmgvHurfW

[Ironblocks @Ironblocks_]

At Ironblocks, we're committed to pioneering innovative solutions to Web3 security challenges.

The Ironblocks Firewall offers comprehensive protection against evolving threats, empowering DeFi protocols to navigate the decentralized landscape with confidence.

Learn more about firewalling your smart contracts and explore our self-service platform here: https://t.co/WsA04UXt9Q

[Cred: @Quantstamp, @CertiK, @quillaudits_ai]

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[Ironblocks @Ironblocks_]

The State of Web3 Security, Q1 2024 🌐

– Over $720M was lost in Q1 alone from on-chain incidents, with DeFi protocols suffering 40% of the total hacks, resulting in $300M+ in losses

– Smart contract hacks, rug pulls, and key compromises are the top significant risks, with smart contract vulnerabilities accounting for $83.6M in losses in Q1

– These incidents underscore the urgent need for robust security measures in the decentralized ecosystem

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[Ironblocks @Ironblocks_]

Current security measures, such as monitoring services, audits, and formal verification, often operate independently, relying heavily on single vendors –– leading to a notable gap in protection during smart contract runtime.

As we reflect on the challenges of Q1 2024, it's clear that securing the Web3 ecosystem requires a multi-faceted approach.

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[Ironblocks @Ironblocks_]

The breach in @loopringorg's Smart Wallets highlights the complex security challenges of smart wallets and account abstraction. While smart wallets improve user experiences and introduce new functionalities, they also present new security vulnerabilities and challenges for users.

At Ironblocks, we are building solutions to tackle these emerging security challenges with the Ironblocks Firewall. Stay tuned to learn more!

[Loopring💙 @loopringorg]

🚨Incident Alert: Loopring Smart Wallets Compromised🚨

A few hours ago, some Loopring Smart Wallets were targeted in a security breach. The attack exploited wallets with only one Guardian, specifically the Loopring Official Guardian. The hacker initiated a Recovery process, falsely posing as the wallet owner to reset ownership and withdraw assets.

The attack succeeded by compromising Loopring's 2FA service, allowing the hacker to impersonate the wallet owner and gain approval for the Recovery from the Official Guardian. Subsequently, the attacker transferred assets out of the affected wallets.

We are actively collaborating with Mist security experts to determine how our 2FA service was compromised. To protect our users, we have temporarily suspended Guardian-related and 2FA-related operations. Following this action, the compromise has ceased.

Loopring is working with law enforcement and professional security teams to track down the perpetrator. We will continue to provide updates as soon as the investigation progresses.

The hacker addresses involved are:

0x44f887cfbd667cb2042dd55ab1d8951c94bb0102

0xbacef3a142e39f14f4f15e22e9248ee4141af18f

If you have any information that could help us track down the hacker, please share it with us.

Stay tuned for more information. Security and user protection remain our top priorities.
#Loopring #SecurityAlert #CryptoSecurity

[Ironblocks @Ironblocks_]

"Once you get hacked in most of the cases you're done," Ironblocks CEO @OrDadosh told @CoinDesk. "And this is what we're trying to prevent."

Learn more about Web3's first-ever open-source, modular, permissionless firewall in the article below 🧩

https://t.co/3o6LSAboA8

[Or Dadosh @ordadosh]

Web3 Firewalls are going to be essential protection for smart contracts, here’s why:

Web3 security is facing unprecedented challenges – $730M lost to on-chain incidents in Q1 2024 (@PeckShieldAlert). Advanced tools aren't enough, there's a need for upgradeable architecture.

So how do you prevent attacks post-deployment?

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