Blockaid

Backpack users heavily transact on Solana. As Solana's popularity surged, so did the number of scams targeting users in its ecosystem. Together, Backpack and Blockaid are keeping users safe so Solana can continue to grow. ?? Link to article in comments.

The NYC team is growing. Come join us! We're currently hiring: 1. Sales Engineers 2. Account Executives 2. Senior Product Marketing Manager 3. Community Manager ?? Ido Ben-Natan Oz Tamir Nick Kelleher Alexander Belfiore Eden Azar Alex K. (missing Glenn Rachlin)

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Email sucked in the early 2000s. Spam filters made it usable again. That’s where we are with crypto UX today. Blockchains are scaling. Blockspace is getting cheaper, and an exponential increase in the number of new tokens is the result. 24 years ago, the growth of websites/year looked very similar. The number of new websites launched in 98-99 was greater than the total number of websites created before 98. As the number of websites grew, so did the number of emails. And as the number of emails grew, spam became a major problem that threatened the usability of the internet as a whole. Some reports go as far as to say that ~50% of emails were spam in the early 2000s. "The amount of spam email is growing at an alarming rate, and it's clogging up the arteries of the Internet.” - Bill Gates Like the early years of the internet, web3 is seeing insane growth. But this growth is also bringing bad actors. 61% of tokens created every day are spam, rugpulls, honeypots, or generally malicious in other ways. For users, this means a loss of funds and confidence in web3. For protocols, user churn, and lawsuits when users interact with assets that drain their wallet. To combat this, web3 needs its own spam filters and anti-malware solutions. So Blockaid built a token validation system that helps identify rug pulls, pump and dumps, honeypots, spam, and other malicious tokens. Over the last year, this system has been identifying harmful tokens and helping our partners flag (or filter) for their users. For DEX Screener, this saved 160 hours a week that were being spent on manual review and support tickets while saving traders millions of dollars. For CoinTracker, they've been able to filter out airdrop spam and scams in customer portfolios to accurately calculate tax liability accurately. Web3 is scaling, but to mature, security must become ubiquitous. Fortunately, the solutions are there.

IT'S OFFICIAL: Our integration with io.finnet is live! io.finnet's institutional DeFi users now have access to real-time transaction: ?? Simulation ? Validation ?? Risk detection The integration adds a significant layer of protection to prevent fraudulent activity and reduce exposure to security threats.

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Paul Lei Brittany Mier y Terán Dyma Budorin, ACCA CCSSA Raz Niv Richard Meissner Gauntlet Harpie Hacken, Blockchain Security Auditor Blockaid Safe

?? Blockaid is heading to #Devcon2024 This November in Bangkok?????,?Raz Niv (Co-Founder & CTO) and?Ido Ben-Natan?(Co-Founder & CEO) will be discussing how Blockaid is shaping the future of onchain security. Joining them are: Glenn Rachlin?(Head of GTM),?Tim Windhorst, Joshua Foo, Bernie Png, and Ran Barth. If you’ll be at Devcon or the DeFi Security Summit, we’d love to meet – DM us to connect! #Blockaid #OnchainSecurity #DeFiSecurity #Web3

Radiant Capital lost $50M—even with every safeguard in place. We believe we have a way to prevent this. Radiant’s team did everything right - they used a multi-sig safe, hardware wallets, and transaction simulations. So what happened? Simple - attackers compromised their devices, and showed users legitimate transactions in the interface while sending malicious ones to the hardware wallet. The result? $50M lost. Here’s the issue: Hardware wallets rely on external interfaces for transaction details, creating a security gap—users sign on their HW without verifying the actual details. So, how do we fix this? Today, Blockaid released a whitepaper outlining a solution we call Transaction Verification. The idea is to create a cryptographic bridge that links what users see on their interface with what their wallet signs. This solution: ● Simulates and validates each transaction in real time ● Packages the transaction and validation data into a tamper-proof container (VTX) ● Ensures that wallets only sign transactions users truly approved. With this approach, we’re not just closing a gap—we’re redefining what secure signing should look like in Web3. If you’re interested in learning more or collaborating, read our full whitepaper here - link is in the first comment.

Web3 gaming just got a whole lot more secure. Immutable Passport is now integrated with Blockaid to protect gamers against: - Compromised game contracts - Suspicious marketplaces - Unauthorized token approvals - Suspicious asset transfers Passport only interrupts gameplay when absolutely necessary. Players receive clear, actionable alerts about potential risks. No technical blockchain knowledge required. Just a safe web3 gaming experience without sacrificing gameplay.