Core

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Avalanche

Web3 security startup Blockaid integrated its technology into Core wallet to safeguard nearly $1 billion in assets deposited on L1 blockchain Avalanche. 
Avalanche’s native wallet Core has directly integrated Blockaid’s privacy-preserving security systems to mitigate sophisticated threats like hacks and phishing scams.&nbsp;Blockaid’s technology will help simulate transactions and spot malicious activity before final execution on decentralized networks like <a href="https://crypto.news/price/avalanche/" target="_blank" rel="">AVAX</a>.&nbsp; 
<a href="https://crypto.news/?s=Avalanche" target="_blank" rel="">Avalanche</a>’s Core wallet users could also benefit from the provider’s real-time alerts and extensive security database, which has been updated to include evolving attack vectors, bad actor operations, and defi vulnerabilities.&nbsp; 
 You might also like: <a href="https://crypto.news/metamask-blockaid-security-integration/" rel=""> MetaMask integrates Blockaid security alerts into platform </a> 
<h2 class="wp-block-heading" id="tapping-blockchain-for-on-chain-security">Tapping Blockchain for on-chain security</h2> 
Core’s collaboration with <a href="https://crypto.news/?s=Blockaid" target="_blank" rel="">Blockaid</a> to protect assets on Avalanche and the DeFi ecosystem comes at a time of growing crypto security concerns. Protocols and crypto providers have suffered over 120 hacks so far this year. In April alone, hackers stole more than $53 million in digital assets.&nbsp; 
Blockaid CEO Ido Ben-Natan stated the security shop will bring its expertise from safeguarding more than $7 billion in virtual currencies to Avalanche and Core.&nbsp; 
The firm has also reportedly stopped 1.3 million individual on-chain attacks. According to Ava Labs’ head of customer products, Akash Gupta, the announcement represents a giant step toward ensuring that “users can explore the Avalanche ecosystem and beyond with peace of mind”. 
 Read more: <a href="https://crypto.news/the-final-chapter-of-the-cryptoqueen-murder-money-and-misadventure/" rel=""> The final chapter of the Cryptoqueen: murder, money, and misadventure? </a>

Blockaid partners with Core to safeguard Avalanche ecosystem

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