Developers in the Web3 space are trying their hand at exploit prevention as the space continues to grapple with security issues.
from Privacy Affairs revealed hackers stole $4.3 billion worth of cryptocurrency from January to November 2022 — a 37% increase from the previous year.of the space in their case against cryptocurrencies. However, in a Feb. 2 announcement from Web3 Builders, the company revealed a suite of tools to combat this issue.
The initial browser extension TrustCheck was created to flag Web3-related scams before users continue to interact with them. This new suite of tools builds on that via a Web3 Builders transaction checker, website checker and smart contract checker. Ricky Pellegrini, the CEO of Web3 Builders, said this is an integral moment for the industry to prove its trustworthiness.According to the announcement, the tools scan nearly 30 million suspicious domains daily and check for vulnerabilities on around 55 million Ethereum smart contracts.He continued to say that, even in the last month, the suite of tools discovered dozens of scams listed on popular platforms, marketplaces and exchanges.
In the last week, there has been a slew of new attacks that have been exploiting millions from the space. This includes one on Feb. 1, in which the
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