How Nefture Helps Asset Managers Secure their DeFi Activity

Crypto hedge funds are not only managing large volumes of assets but also investing in new and emerging protocols where the potential for high returns comes with increased risks.

Exploits and vulnerabilities in these early-stage investments can quickly turn profitable opportunities into significant losses if not detected and addressed immediately.

Here's why integrating Nefture ’s threat monitoring solution and alert system into your operations is crucial:

A Platform to Monitor and React to Exploits

When investing in new and unproven protocols, timing is everything. Nefture’s Threat Monitoring platform provides immediate alerts on any suspicious activities, such as unauthorized transactions or unusual smart contract interactions.

New events are detected all the time, in real time, and often hours before they take place. These instant alerts provides users with the power to take actions immediately and secure their funds on time.

?? Key threats we detect:

• Security Threats: Identifying suspicious contract deployments, unusual transactions, and other security risks leading to protocol exploits.
• Governance Risks: Monitoring protocol updates and DAO proposals to catch any governance manipulation.
• Technical Vulnerabilities: Detecting code flaws, smart contract changes, and abnormal activity to prevent technical exploits.
• Financial Threats: Keeping an eye on stablecoin depegging, large withdrawals, and other financial dangers.
• Community Risks: Monitoring both on-chain and off-chain sources, including social media, to detect community-related threats.

How We Alert Users in Case of an Exploit

It's worth noting that our system is constantly flagging malicious activity, hacks, and exploits. We believe that in order to keep your assets safe, you must be able to automatically detect potential attacks. Equally important is the ability to verify the legitimacy of each alert and assess the severity of the threat.

Let’s take the Li.Fi protocol exploit that happened in July 2024.

When a protocol is under attack, our system triggers several alerts, giving you the opportunity to respond to potential exploits before they escalate.

Nefture has detected that?LiFi?protocol was being drained and alerted its users in real-time. They received precise notifications in their private channels, detailing the issue and identifying which of their organization’s wallets were impacted. This enabled them to respond swiftly and secure their assets before further attack transactions occurred.

Why Crypto Hedge Funds Need Nefture’s Threat Monitoring Platform

Nefture’s multi-faceted approach to monitoring and alerting provides crypto hedge funds with the tools they need to protect their assets, manage risk, and capitalize on early-stage opportunities without compromising security.

By integrating Nefture into your strategy, you can ensure that your fund is always prepared to counteract threats swiftly and effectively.

If you want to explore a solution to secure your crypto assets, reach out to us here.

About Us I

Nefture is dedicated to providing cutting-edge solutions for secure and seamless digital asset management. Our platform empowers exchanges, asset managers, and DeFi users to safeguard their investments and operations with state-of-the-art security features.

Trusted by numerous organizations across the financial and blockchain sectors, Nefture has processed millions in secure transactions. Experience why industry leaders rely on Nefture for their digital asset security needs.

Join the growing number of institutional players who trust Nefture to secure their digital assets and streamline their on-chain operations.

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