Polter Finance has announced a partnership with FailSafe to bolster the security of its DeFi platform following substantial losses from a 2024 attack.
A New Era of Security for Polter Finance
Polter Finance recently partnered with FailSafe to strengthen its security measures. FailSafe provides a system that will detect and prevent threats in real-time, helping to avoid the recurrence of incidents.
FailSafe Products and Technologies
FailSafe's solution is designed to detect and neutralize threats before they escalate, addressing common attack vectors in the DeFi ecosystem. Additionally, FailSafe can detect suspicious smart contract calls and wallet tampering.
Response to the November Attack
In November 2024, Polter Finance suffered at least $8.7 million in losses due to price oracle manipulation. Following the attack, the company announced a collaboration with the Security Alliance group to improve cybersecurity.
The partnership between Polter Finance and FailSafe reflects the company's strong commitment to enhancing security and preventing future attacks. This decision underscores the importance of adopting modern cybersecurity technologies within the dynamic DeFi sphere.
