“Stablecoins are not just the backbone of Web3, they are its ‘circulatory system,'” notes Gal Sagi, co-founder of the company. – Hypernative has the infrastructure and expertise to monitor a stable economic ecosystem.” Given the significance and volume of transactions, stablecoins attract the attention of not only investors but also attackers, making them particularly vulnerable to hacking, fraud and phishing schemes.
One of Hypernative’s key features has been its ability to track threats in real time. The company protects more than $40 billion worth of stablecoins and supports $500 billion in transfers per month. The platform uses machine learning techniques, graph models and simulations to detect threats with 99.5% accuracy, minimizing false positives. The technology has already helped prevent more than $350 million in losses by helping issuers respond to risks across smart contracts, protocols and wallets.
Hypernative also offers features to protect contracts, allowing issuers to automatically respond to suspicious events. If a threat is detected, the platform can suspend smart contract execution, move funds to cold storage, or change protocol parameters. Such security measures become particularly important against the backdrop of the growing popularity of Web3, where any security issues could seriously undermine user confidence.
Another important task for Hypernative has become the detection of phishing threats. The platform scans over 40 blockchains for suspicious contracts that mimic legitimate projects and issues alerts on addresses involved in fraudulent schemes. This helps prevent attacks targeting users and preserve the reputation of stablecoin issuers who strive to keep their ecosystems clean.
Author: Camila Russo is an experienced journalist with a strong focus on crypto news.
