Blockfence, a security aggregation provider, has teamed up with Forta Network, a decentralized monitoring network specializing in Web3 threat detection and prevention.
This collaboration aims to improve the security of Web3 users by identifying suspicious Ethereum smart contracts using Forta’s monitoring platform. As a result, Blockfence users will be better protected from potential losses caused by wallet drainers, phishing, and other scams.
The partnership involves a thorough examination and mapping of the Web3 ecosystem, including both on-chain and off-chain data. Blockfence enhances this data with layers of security analysis, applying in-house techniques and strategic collaborations such as the integration with Forta Network.
Since the start of March 2023, the Forta integration has identified 1009 malicious smart contracts using the BlockFence Chrome extension that users have interacted with. Out of these contracts, 83 high and critical alerts were exclusively detected by Forta as follows:
Low risk: 832
Medium risk: 67
High risk: 105
