Crypto hack monitoring and blocking, smart contract auditing.
BlockSec provides a blockchain security platform that enhances the security of decentralized applications, detects high-impact blockchain vulnerabilities, and blocks sophisticated security attacks. The company has developed a real-time on-chain monitoring system to block ongoing attacks and rescued more than 5 million assets, including 3.8 million for the stablecoin DEX Saddle Finance.
Hundreds of millions of dollars have been lost to scams and exploits in July alone.
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory.
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000.