Ironblocks, a web3 security firm, is targeting a series of DeFi hacks

Israeli startup Ironblocks aims to improve the security of decentralized finance (DeFi) protocols that have been losing hundreds of millions of dollars to hackers and thieves. Ironblocks is launching a threat detection platform that can monitor and flag any suspicious asset transfers in DeFi protocols. The platform can detect economic anomalies in transactions and help prevent smart contract thievery. The launch of Ironblocks' product comes amid the increasing number of DeFi hacks, which have become a challenge for the security landscape. However, Ironblocks faces competition from other firms, such as Hypernative, that are also building monitoring software for DeFi protocols