Crypto Safety Device Harpie Expands Theft Safety to Three New Blockchains

New York, NY, United States, June twenty fifth, 2024, Chainwire

The corporate expands flagship mainnet help to accommodate rising person adoption of layer 2 blockchains.

Harpie, a blockchain safety suite that protects retail buyers and their digital wallets from theft, at present broadcasts the growth of their flagship Ethereum pockets safety to incorporate protection for belongings on layer 2 blockchains Base, Polygon, and Arbitrum.

Layer 2 market capitalization has surged greater than 400% within the final 12 months—up from $11 billion in June 2023 to $47 billion in June 2024—pushed by market demand for extra scalable blockchain options that provide decrease transaction charges than Ethereum mainnet. Harpie anticipates a continuation of this development and, in proportion, a rise in theft and crime on layer 2 networks. In response, the corporate is increasing its safety providing to accommodate rising person adoption of layer 2 blockchains.

Harpie helps customers safeguard their digital wallets in opposition to theft by establishing a “trusted community” of apps and friends with its proprietary on-chain safety algorithm. When a person interacts with an deal with exterior of this trusted community, Harpie flags this interplay as theft and intercepts the switch in real-time earlier than the transaction finalizes on the blockchain.

This response secures customers in opposition to quite a lot of assaults—reminiscent of phishing scams, sensible contract hijackings, and personal key theft—in addition to protects in opposition to the repercussions of human error, like copying and pasting the unsuitable recipient deal with or signing a malicious contract. Harpie has protected $5.4 million in Ethereum belongings to this point.

“Earlier than Harpie, customers had no dependable instruments to guard their crypto belongings in actual time—we as customers had been on our personal to detect and keep away from scams. With Harpie, individuals have the peace of thoughts to commerce and transact with the reassurance that their belongings are shielded from theft and scams. Increasing to new chains is a straightforward results of wanting to supply that very same peace of thoughts to customers on their most well-liked L2,” mentioned Daniel Chong, Co-Founder & CEO of Harpie.

The growth comes at a vital time when the crypto market is buzzing with exercise, because of the bullish sentiments pushed by the current ETH ETF approvals and the explosive recognition of meme cash. These tendencies are attracting a major inflow of recent and typically inexperienced buyers, making sturdy safety measures extra important than ever.

Harpie is dedicated to changing into a cornerstone of blockchain infrastructure. The growth of theft safety to incorporate asset protection on Base, Polygon, and Arbitrum is a step towards attaining their mission to get rid of crypto theft globally.

Multichain safety on Harpie is now dwell—to be taught extra, customers can go to harpie.io.

About Harpie

Harpie provides crypto merchants the ability to defend themselves in opposition to theft. With their proprietary on-chain safety resolution, Harpie safeguards wallets in actual time by monitoring for and blocking malicious transactions earlier than they affirm on chain. Harpie simplifies crypto safety with an intuitive and holistic platform, serving to customers of all expertise ranges get rid of the specter of blockchain-based theft. Harpie launched in September 2022 and is backed by main Web3 names together with Dragonfly Capital, Coinbase (NASDAQ:) Ventures, and OpenSea.

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ContactHead of Advertising and marketingAsh HoweHarpiemedia@harpie.io

This text was initially printed on Chainwire