Eleos Labs Launches FailSafe Solutions On Polygon

Twitter icon  •  Published hace 11 meses  •  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.

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.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.