The attack on the transaction blocking system helped Saddle.Finance avoid a loss of 3.8 million USD.

robot
Abstract generation in progress

On April 30, 2022, an attack on the Saddle.Finance project was successfully thwarted. A security system detected the attack behavior and immediately activated the transaction blocking mechanism. This action successfully intercepted a critical attack transaction, preventing the project party from a potential loss of approximately $3.8 million. Currently, the relevant parties have established contact and are conducting event analysis and follow-up processing.

The successful blocking of the attack this time is another important milestone following the first successful attack blocking achieved in March 2022. It once again demonstrates the effectiveness and importance of the attack transaction blocking system in practical applications.

According to the research and practical experience of industry experts, attack transaction blocking is considered a more proactive defense method than traditional security audits. This system can monitor in real-time and block ongoing or impending attack transactions, effectively reducing the security risks faced by DeFi projects.

In the past few months, the relevant teams have been dedicated to the research and optimization of such systems. In the future, they will continue to refine this technology in order to provide more reliable and stable security guarantees for DApp projects, contributing to the security of the entire blockchain ecosystem. With the continuous advancement of technology, we have reason to expect more exciting developments in this field.

DEFI-5.93%
DAPP-0.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GasFeeNightmarevip
· 08-14 07:30
Free protection fee, huh?
View OriginalReply0
SchrodingerAirdropvip
· 08-14 07:29
Goodness, what goes around comes around.
View OriginalReply0
0xSunnyDayvip
· 08-14 07:23
Finally, I can fall asleep.
View OriginalReply0
JustAnotherWalletvip
· 08-14 07:23
Beware of hackers tomorrow.
View OriginalReply0
0xLuckboxvip
· 08-14 07:18
It is impossible to steal from us!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)