This week BNB Chain announced that FailSafe now supports the protection of assets across its growing network – currently averaging 2.86 million transactions per day and close to 1 million daily active users.
Once activated, the FailSafe firewall proactively guards wallets on BNB Chain against cyberattacks – including critical and worst-case scenarios such as complex phishing attempts, private key theft, smart contract hacks, and more. The service works by rapidly firing a counter-transaction to neutralise any unexpected and malicious attempts to steal a user’s assets. The counter-transaction moves the user’s assets to a secure self-custody smart contract. This global, swift, and vigilant defence system offers users unrivalled security and peace of mind in their digital transactions.