Blockaid says it brought on crypto drainer to close down, defends towards claims of 'false positives'

Blockaid’s Web3 safety platform has brought on no less than one crypto drainer to close down in frustration, in response to an April 25 X publish by the service supplier. Blockaid additionally defended itself towards claims that it has too many “false positives,” stating {that a} service with zero false positives will all the time enable some malicious apps to empty customers’ funds.

Blockaid is a developer of safety software program that makes an attempt to acknowledge malicious sensible contracts on Digital Machine (EVM) networks, together with Ethereum, BNB Chain, Polygon, Arbitrum, and others. It’s built-in into a number of wallets and apps, together with MetaMask, Coinbase (NASDAQ:) pockets, Open Sea, Zerion, and others. When customers try and transact with a contract that Blockaid identifies as malicious, these wallets and apps warn customers that their funds could also be drained in the event that they work together with it.

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