Ironblocks noted that the new collaboration between the two entities will ensure that all projects under AvengerDAO’s ecosystem will be safe from security threats.
By Chimamanda U. Martha
Edited by Julia Sakovich
Updated
2 mins read
Blockchain security platform Ironblocks has formed a strategic partnership with AvengerDAO, a community-centric initiative supported by BNB Chain. With both entities renowned for their unwavering commitment to user security, this collaboration promises to elevate the security standards within the decentralized finance (DeFi) ecosystem.
On September 12th, Ironblocks made an announcement that it is set to reshape the landscape of the DeFi sector. The company disclosed its plans to integrate into AvengerDAO’s robust security ecosystem. The move holds the potential to bring about a profound transformation within the DeFi industry, given the shared commitment of both Ironblocks and AvengerDAO to bolstering security.
The collaboration between the companies carries considerable weight in an environment where security concerns are paramount. The DeFi sector has witnessed exponential growth, attracting a broad spectrum of users and investment. With this growth, however, comes an increased threat landscape. Cybersecurity has emerged as a critical concern, and this partnership addresses it head-on. Ironblocks recently flagged an attack targeting the Ethereum Fuse network, which could have stolen $1.5 million in USDC stablecoins.
Ironblocks said the partnership is a testament to its status in the blockchain security arena – a beacon of trust, innovation, and excellence. Furthermore, the company noted that the new collaboration between the two entities will ensure that all projects under AvengerDAO’s ecosystem will be safe from security threats.
Ironblocks, launched in 2022 by Dadosh and Assaf Eli, is celebrated for its dynamic blockchain security solutions, particularly its 360-degree security framework that prioritizes real-time protection of smart contracts. The technology is designed to thwart malicious breaches and vulnerabilities.
“Our alliance with AvengerDAO is symbolic of the trust reposed in our technological capabilities and our team’s relentless efforts. We envision creating a more secure digital ecosystem, amplifying user confidence in Web3 and DeFi platforms”, said Or Dadosh, co-founder and CEO of Ironblocks to Coinspeaker.
Csaba Szabo, head of AvengerDAO at BNB Chain, described the partnership with Ironblocks as a monumental leap in the DAO’s journey.
“Partnering with Ironblocks elevates our protective measures to unprecedented levels. Their extensive security arsenal and unwavering commitment to excellence ensure our ecosystem remains fortified against threats. It’s an exciting chapter as we, alongside Ironblocks, pioneer trust and innovation within the Web3 and DeFi spaces,” said he.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
