Coinbase Wallet says it helped users save over $75 million in five months via Blockaid integration | Headlines | News | CoinMarketCap
03/13/2024 20:21Coinbase Wallet revealed today that it teamed up with web3 security startup Blockaid five months ago — and, since then, the integration has helped …
Coinbase Wallet revealed today that it teamed up with web3 security startup Blockaid five months ago — and, since then, the integration has helped its users save over $75 million from being stolen.
Blockaid stopped nearly 800,000 wallet connections to malicious decentralized applications by scanning and analyzing 114 million transactions and dApp connections during this period, Coinbase Wallet said.
"Integrating Blockaid helped evolve and improve onchain security for our users," Chintan Turakhia, senior director of engineering at Coinbase, said in a statement. "By supporting safety on Ethereum Mainnet as well 6+ other EVM chains such as Base, Optimism, and Polygon, we have been able to improve both UX and safety for Coinbase Wallet users. Getting security right is critical for bringing …