BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Phantom Deterred 4,828 wallet-draining transactions

by Chiwuike Owunwa
Oct 24, 2022 - 12:00 am
in Blockchain
Phantom Deterred 4

On the 20th of October, 2022, Phantom wallet announced that they had protected 1,386 users from 4,828 scam transactions.

https://twitter.com/phantom/status/1583166985198014469

The month of October has been riddled with increased scam activities, with notable entities like Binance cross-chain hub falling prey to their exploits.

Yet Phantom seems to be able to get ahead of the curve by partnering with Blowfish. Blowfish provides a firewall that helps users identify dangerous or phishing transactions in real-time, allowing them to react in time to protect their assets.

It does this at the user-wallet level since these are the basic terminals used to interact with other crypto ecosystems. This is why the wallet is also usually targeted by scam contracts.

Blowfish utilizes machine learning, cybersecurity, and the experience of multiple blockchains in the web3 industry to develop an infrastructure aimed at securing crypto transactions.

The Blowfish infrastructure has an impressive record of scanning more than 125 million transactions and stopping more than 11,000 attacks.

Speaking on the partnership Francesco Agosti, the chief technology officer for Phantom, had good things to say.

He said that with the aid of Blowfish, thousands of Phantom users had been protected from Malicious scams and frauds. Added to that, the Blowfish API is easy and reliable to use, and they know that with the partnership, Blowfish would continue to build a wonderful product staying ahead of the scammers.

With phantom relentless efforts to protect their users, scammers are also as relentless, with one scammer having built up to 97 phishing websites specifically to target the NFT community. 

Is the Phantom team deterred? No.

In their announcement, they made it clear that though the scammers are working hard, Phantom’s team is working harder to develop new fraud detection signals that allow them to detect and block discount websites within minutes of going live.

Phantom also assured their users that security is and will always be their top priority. The partnership with Blowfish is one of the many steps they have in store with more automated scan detectors in the pipeline.

Phantom… to the moon

Tags: Wallet
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Arthur Hayes Predicts $1M Bitcoin as Japan’s New PM Unveils Economic Stimulus

October 22, 2025

Arthur Hayes predicts Bitcoin could hit $1M as Japan’s new PM Sanae Takaichi launches economic stimulus, signaling potential...

blockchain

Bolivia’s President-Elect Rodrigo Paz Turns to Blockchain to Fight Corruption

October 20, 2025

Bolivia’s new president Rodrigo Paz plans to use blockchain in public procurement and crypto asset declarations as part...

Metaplanet and Bitcoin Magazine logos, symbolizing their new partnership to expand operations in Japan.

Japan Moves Toward Allowing Banks to Buy Bitcoin Under New Regulatory Framework

October 19, 2025

Japan’s regulators are reviewing changes that could let banks buy and hold Bitcoin, signaling a major shift in...

24H HOLD token price chart showing 35% surge despite market pullback

Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

October 19, 2025

Crypto markets rebound after Trump confirms October 31 summit with Xi Jinping, easing US-China tensions and sparking optimism...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service