- Flare partners with ChainPatrol to enhance Web3 security, tackling phishing, social engineering, and impersonation threats for its ecosystem.
- ChainPatrol provides real-time threat monitoring, protecting Flare users across platforms like Discord, Slack, and Telegram bots.
Flare Network officially announced a cooperation with ChainPatrol, a leading Web3 AI-powered threat intelligence tool, to improve the security of its rapidly expanding ecosystem.
Flare’s infrastructure now includes ChainPatrol’s real-time Web3 security knowledge to guard its users against advanced online threats.
We are teaming up with @ChainPatrol, a leading AI-powered threat intelligence platform, to address the complex challenges of Web3 security and protect our community and digital assets.
With real-time monitoring and rapid threat response, ChainPatrol will help ensure the Flare… pic.twitter.com/sJqmo5w0Lr
— Flare
(@FlareNetworks) November 29, 2024
Flare: Real-Time Security for Growing Web3 Threats
ChainPatrol provides wide coverage across platforms like Discord, Slack, and Telegram bots together with AI-driven threat identification by means of a mix of automated technologies and human personnel. In addition to supporting over 20 cryptocurrency wallets, the service ensures comprehensive safety for the Flare ecosystem.
This proactive approach addresses some of the most significant risks influencing Flare, such as phishing campaigns, social engineering, and impersonation techniques. Phishing, in particular, poses a significant threat as it can deceive individuals into divulging confidential information or executing illicit transactions.
The cooperation comes at a pivotal point since Flare keeps growing its user base and environment. While preserving confidence in the platform, the security policies seek to shield consumers from financial and reputational losses.
As Flare’s press release emphasizes, “Crypto never sleeps, and security systems must move fast depending on real-time threat intelligence. Real-time Web3 security offered by ChainPatrol detects, prevents, and removes online risks, safeguarding Flare and our community.”
Strengthening Security Through Strategic Partnerships
For example, Immunefi for application protection, Hypernative for real-time risk monitoring, and Elliptic for compliance are some of the well-known companies that Flare has teamed up with to make its security architecture stronger.
These alliances guarantee that Flare’s institutional-grade custodians—Fireblocks and Hex Trust, among others—have strong defensive systems. Promoting a safe Web3 environment and changing public opinions on decentralized platforms depends mostly on this multi-layered approach to security.
Especially amazing are ChainPatrol’s real-time threat reaction powers. For big Web3 companies including Metamask, Curve Finance, and Starknet, the platform offers monitoring, blocking, and takedown tools.
In decentralized systems, where transactions happen in real time and are permanent, quick identification and neutralizing of threats is absolutely vital. Flare guarantees 360-degree protection for its users by working with ChainPatrol, therefore safeguarding their assets and maintaining ecosystem confidence.
It is noted by CNF that new developments like Flare Time Series Oracle v2, which has a new incentive structure that delays 50% of payouts for two epochs, help Flare’s security efforts.
Furthermore, Flare’s decentralized KYC approach aims to ensure anonymity while granting controlled digital access to Chinese guests in Hong Kong. These projects highlight Flare’s more general goal of building a safe, easily accessible, reliable, decentralized environment.
On the other hand, Flare and Red Date Technology have devised a decentralized KYC system that allows mainland Chinese visitors to Hong Kong to register anonymously. This approach assures privacy and compliance, allowing for regulated digital access without revealing personal data, as previously reported by CNF.
Meanwhile, the FLR token is swapped hands at about $0.02722 as of the time of writing, a 12.17% rise over the last 7 days and a 107.84% increase over the last 30 days.
