Safe

Forta

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 <h3 id="strong-em-failsafe-partners-with-forta-network-span-class-oypena-text-decoration-none-text-strikethrough-none-failsafe-has-released-a-new-feature-called-smart-mode-which-enhances-blockchain-cybersecurity-by-identifying-and-preventing-threats-to-compromised-wallets-and-smart-contracts-span-em-strong"><strong><em>FailSafe partners with Forta Network! <span class="OYPEnA text-decoration-none text-strikethrough-none">FailSafe has released a new feature called ‘Smart Mode’ which enhances blockchain cybersecurity by identifying and preventing threats to compromised wallets and smart contracts. </span></em></strong></h3>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none">This is achieved by integrating Forta’s real-time threat intelligence with FailSafe’s automated incident response system. Smart Mode monitors and analyzes blockchain transactions in real time, allowing FailSafe to proactively protect digital assets from malicious activity.</span></p>
 <h4><span class="OYPEnA text-decoration-none text-strikethrough-none">Understanding FailSafe’s Modes: Safe Mode and Smart Mode</span></h4>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none"><span style="color: #ff9900;"><strong>FailSafe’s Safe Mode</strong></span> is the default mode that captures all transactions that involve FailSafe-protected assets. On the other hand, the Smart Mode is designed for users who intentionally transact or experience high-frequency activity. It includes trading desks, to ensure their protection by only intercepting transactions with high-risk counterparties. FailSafe collaborates with Forta’s Scam Detector to provide real-time threat intelligence about smart contracts and EOAs that engage in scams and other end-user attacks, allowing the system to accurately determine risk.</span></p>
 <h4 class="wp-block-heading"><span class="OYPEnA text-decoration-none text-strikethrough-none">How Scam Detector Works</span></h4>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none">The Scam Detector is powered by an array of key Forta bots, each designed to track particular types of threats. These bots have been programmed to monitor for ice phishing, address poisoning, rake tokens, token impersonation, fraudulent NFT orders, pig butchering, gas minting, sleep minting, hard rug pulls, soft rug pulls, and wash trading.</span></p>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none"> In addition, the Detector uses brand-new predictive techniques to identify on-chain addresses that are linked to known scammers, as well as contracts that closely resemble those used by known scammers.</span></p>
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  <li><span class="OYPEnA text-decoration-none text-strikethrough-none">The Scam Detector receives notifications from a group of basic bots, such as alerts regarding phishing attacks linked to a specific address.</span></li>
  <li>The incoming alerts are processed, and labels are created (for example label: Address 0x123 receives a scammer label).</li>
  <li><span class="OYPEnA text-decoration-none text-strikethrough-none">Labels are stored permanently on Forta Network and FailSafe’s Redis cache, providing scalability and low latency for effective action.</span></li>
  <li><span class="OYPEnA text-decoration-none text-strikethrough-none">FailSafe checks the threat intelligence database for potential risk when it detects a FailSafe-protected address in a transaction.</span></li>
  <li><span class="OYPEnA text-decoration-none text-strikethrough-none">FailSafe promptly halts and diverts specified assets to the user’s Recovery Vault if a high-risk counterparty is detected during a pending transaction.</span></li>
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 <p><span class="OYPEnA text-decoration-none text-strikethrough-none">FailSafe aims to provide a marketplace for the Forta Network contributors, offering configurable alerts and attacks to end-users.</span></p>
 <h5>FOLLOW Forta Network</h5>
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 <h5><strong>FOLLOW FailSafe</strong></h5>
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 <h5><span style="color: #ffff99;"><strong>REQUEST AN ARTICLE</strong></span></h5>
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FailSafe partners with Forta

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