Singapore, November 15, 2023 – BlockSec, a leading Web3 cybersecurity firm, today announced the launch of Phalcon, the world’s first Web3 crypto hack blocker. This groundbreaking software will help protocol teams prevent hacks and protect their users from financial losses.
Phalcon’s technology uses a variety of techniques for real-time detection and prevention of attacks. These include monitoring smart contract activity, analyzing transaction patterns, and utilizing threat intelligence. BlockSec said that in the event of an identified attack, Phalcon could promptly and decisively mitigate damage by freezing attacker funds, rolling back fraudulent transactions, and alerting protocol teams to imminent threats.
BlockSec is a leading Web3 cybersecurity firm dedicated to protecting the integrity and security of the decentralized finance (DeFi) ecosystem. Its flagship product, Phalcon, is the world’s first Web3 crypto hack blocker, providing real-time protection against a wide range of attacks. BlockSec’s Phalcon should not be confused with the one that is used by banks. The Phalcon system used by banks is a financial crime prevention software which detects and prevents fraud. It is used by over 1,500 banks in over 100 countries. The Phalcon system used by blockchain companies is a crypto hack blocker that prevents hacks and protects users from financial losses. 1
- MSN: https://www.msn.com/en-us/news/technology/blocksec-launches-phalcon-block-the-world-s-first-crypto-hack-blocking-system-for-web3-security/ar-AA1jYahG[↩]
