The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users.
Avalanche and Blockaid have announced a partnership to integrate Blockaid’s security features directly into Avalanche’s Core wallet, the blockchain network’s native wallet.
The security upgrade aims to thwart the increasingly sophisticated phishing scams and hacks plaguing decentralized finance by prescreening transactions against Blockaid’s database of known malicious threats and then alerting the user to the threat before the transaction is actually signed and posted. This type of security feature is known as transaction simulation.
Blockaid claims that its security apparatus has helped to repel 1.3 million attacks and is currently used to safeguard products offered by OpenSea, MetaMask, Zerion, Coinbase and Rainbow.