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By Web3 Antivirus (W3A)
Web3 Antivirus is an open-source security browser extension that detects crypto scams and warns users before they sign anything
In 2023, the crypto industry lost over $24.2 billion due to crypto crimes and scams, affecting 1 in every 8 users. Victims face financial loss, emotional distress, and diminished faith in the Web3 ecosystem, impeding its growth and adoption.
Introducing Web3 Antivirus (W3A): a security browser extension that protects crypto users against scams and fraud in real-time.
Key Features: - Phishing alerts: Immediate notifications about dangerous websites. - Scam detection for 60+ scenarios. - Transaction outcome simulations and validation. - Real-Time warnings: Alerts users before they sign anything or connect their wallets. - W3A Dashboard: Allows users to maintain wallet health and revoke risky token approvals.
Use Cases: W3A analyzes all the entities users interact with (wallets, addresses, websites, assets) and alerts users to potential risks. For instance, W3A will issue warnings if a user: - Encounters a fake website or a wallet drainer. - Is about to sign a malicious or risky transaction. - Intends to buy a token identified as a scam. - Intends to approve token permissions to an untrustworthy address. - Engages with an address previously linked to suspicious activities.
How it Works: Upon initiating a transaction, W3A intercepts the call to Metamask, pauses it momentarily to analyze the codebase for potential red flags such as suspicious logic, dangerous functions, or risky access permissions. The tool also simulates the transaction on a dedicated testnet to check what will enter and leave a user’s wallet. Within seconds, W3A provides a comprehensive report detailing the transaction's potential threats and outcomes, empowering users to make informed decisions about proceeding. All transaction data, detected threats, and approved accesses are conveniently displayed on the W3A Dashboard.
Currently, W3A supports Ethereum. We aim to add support for Stellar and enable Stellar users to proactively protect their assets and steer clear of scams and fraud.
$50.0K
Ksenia Ksenia
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