Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud

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Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud
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Crypto platform FortaNetwork to upgrade its scam detector service today to include malicious URL data, new types of threats and smart contract scanners to protect against the growing threat of ecosystem scams. By shauryamalwa

Forta's scam detector service relies on a group of bots that monitor different types of threats in real-time.

The blockchain security firm Forta Network upgraded its scam detector service to include malicious URL data, new types of threats and smart contract scanners that account for the latest types of crypto attacks, a representative told CoinDesk. The service, which will be online on Tuesday, runs across the seven Ethereum Virtual Machine chains supported by Forta, including Ethereum, Polygon and BNB Chain. A previous version focused on on-chain data only, such as smart contracts involved in scam activity. The latest version also incorporates malicious URLs.

Forta claimed that wallets like Zengo had used the Scam Detector to warn their users about malicious addresses during the pre-signed transaction screening process.

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