Blockfence and Forta Network Partner to Protect Web3 User Funds

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Block­fence, a secu­ri­ty aggre­ga­tion provider, is part­ner­ing with For­ta Net­work, a dis­trib­uted mon­i­tor­ing net­work that focus­es on detect­ing and pre­vent­ing Web3-based threats. Togeth­er, Web3 and For­ta aim to improve user safe­ty by spot­ting mali­cious Ethereum smart con­tracts on the latter’s mon­i­tor­ing platform.

The part­ner­ship will ana­lyze and map the whole Web3 ecosys­tem, includ­ing on-chain and off-chain infor­ma­tion. Block­fence adds lay­ers of secu­ri­ty analy­sis to this infor­ma­tion using pro­pri­etary meth­ods and strate­gic part­ner­ships like its inte­gra­tion with For­ta Net­work. The com­pa­ny says that the com­bi­na­tion of its cut­ting-edge web exten­sion and For­ta Network’s real-time threat detec­tion will give cus­tomers peace of mind when inter­act­ing with Web3 assets.

Block­fence CEO Omri Lahav was enthu­si­as­tic about the part­ner­ship, say­ing, “We are excit­ed to part­ner with For­ta Net­work to offer our users even more advanced pro­tec­tion against threats to their dig­i­tal assets.”

How the integration cushions Web3 users

Block­fence is an end-to-end user pro­tec­tion and fraud detec­tion plat­form that aggre­gates and abstracts secu­ri­ty data. For­ta Net­work, on the oth­er hand, is a decen­tralised, real-time net­work that mon­i­tors secu­ri­ty and con­ducts detec­tion ser­vices across sev­en dif­fer­ent blockchains.

Block­fence is now in a posi­tion to offer real-time threat pro­tec­tion by inte­grat­ing For­ta Network’s mon­i­tor­ing lay­er into its core offer­ing. Users can lever­age For­ta Network’s threat mon­i­tor­ing fea­tures with­out expos­ing their wal­let address­es by installing the free, open-source and anony­mous Block­fence brows­er extension.

Since March 2023, when the For­ta inte­gra­tion was first intro­duced, users have been pro­tect­ed from 1,009 fraud­u­lent smart con­tracts via the Block­Fence Chrome addon. For­ta alone was able to detect 105 “High Risk” and 7 “Crit­i­cal Risk” cases.

With the new inte­gra­tion, Block­fence says that its cus­tomers will be safer from scams like phish­ing and wal­let drain­ers. The Block­fence brows­er exten­sion warns users of poten­tial secu­ri­ty risks when­ev­er they try to con­firm a trans­ac­tion in their wal­lets, giv­ing them more con­trol over their finances and a safer over­all experience.

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