Hassan Maishera
The Polygon team announced via a blog post on Thursday that Eleos Labs, a leading Singapore-headquartered Web3 cybersecurity startup, is integrating its FailSafe suite of anti-theft and fraud detection systems into the Polygon network.
Polygon added that Eleos Labs is leveraging its experience dealing with cyber criminals and money laundering syndicates in Web2 to deploy battle-tested services that protect users from stolen private keys, smart contract hacks and exploited unlimited ERC-20 approvals.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is down by 3% in the last 24 hours and is currently trading at $1.276.
