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Ironblocks' 'Venn' Network Aims to Keep Malicious Transactions From Ever Hitting Blockchains

Israeli crypto firm Ironblocks is spearheading a new security layer called Venn that will vet blockchain transactions before they're executed, potentially averting multimillion-dollar attacks and hacks.Venn is a security product: its customers – lending protocols and beyond – will pay a small fee in exchange for what's essentially an extra set of eyes making sure nothing suspicious is happening on their books. But instead of one pair, they'll get many operators on the lookout for fraud, says Ironblocks CEO Or Dadosh.UnmuteCrypto’s Biggest Concerns in 2023

00:45Aptos Is Not a Security: Anchorage General Counsel07:20Telegram Users Can Now Send Crypto to Each Other via Wallet Bot: Report01:14Bitstamp CEO on Regulatory Implications of Ethereum’s Proof-of-Stake Transition05:05Grayscale, Disclosing SEC Queries, Says Cryptos XLM, ZEC, ZEN May Be SecuritiesThat's because Venn is set to be a decentralized network much like the blockchains that all DeFi protocols live on top of. It will consist of a series of node operators that work together to reach a consensus. While such operators on Ethereum and other blockchains add transactions to the chain's economic history (the ledger), the ones on Venn will act as a gatekeeper and determine whether proposed transactions are too suspect to get there.Venn is the latest attempt to address crypto's ever-present crime problem. In any given week, projects big and small lose six-figure sums or more to fraud, theft, economic attacks and other costly capers that drain their customers' crypto. All these transactions happen on the blockchain, where they're irreversible; there's no rewind button to move stolen money back into a victim account.Venn doesn't add a "rewind" button to the blockchain so much as a "review and revoke" feature. Transactions being fed into it haven't actually happened yet, Dadosh told CoinDesk. They're on their way to finality – as long as they make it past Venn's vettors, that is.Though Venn isn't yet live, Dadosh explained in an interview how it will work. Actual crypto users won't necessarily be aware of Venn as they won't have to do anything special to be included in the network. If, however, they're using a protocol that's a customer of Venn, part of their gas fee will pay for their transaction to be checked for malicious activity through Venn.Most transactions will (presumably) make it through Venn just fine in around 100-200 milliseconds, much faster than the transactor would likely notice. All of this happens in the background and privately, meaning there's no opportunity for bots to front-run trades or employ other controversial MEV strategies. Cleared transactions move on to the main chain for execution.But if Venn's operators detect something suspicious about a transaction, they'll freeze it before it has a chance to execute. Security teams will be alerted and investigate the matter. Meanwhile, normal transactions will proceed to execution unimpeded."It's about making sure that the assets themselves are protected against malicious transactions," Dadosh said, "ensuring there is no kind of malicious transactions being executed."Decentralized networkVenn is scheduled to go to testnet in the coming weeks. The security of the network itself will come from restaking; Venn is a so-called "actively validated service" that gets the shared economic security of the EigenLayer ecosystem. Dadosh said Venn has lined up well-known lending protocols as early customers, but demurred when asked which.The customers, whoever they are, will have a high degree of autonomy in deciding what transactions to feed into Venn. They won't necessarily send every user-initiated action through the security layer, but they could.Eventually, customers will have the option to add extra security checks on top of the baseline oversight that Venn will apply to all transactions passing through it, Dadosh said. These will be managed and offered by individual operators – the security firms running the nodes.Within all of this is Ironblocks, the security firm that first conceived of Venn and organized, built and maintains it. That said, Venn won't be an Ironblocks product in the same way that its other security products are. The fees Venn collects go to all of its operators, of which Ironblocks is one.Read more: Crypto Security Firm Ironblocks Builds 'Firewall' for DeFi ProtocolsEventually, Venn will be managed by a security council that will call the shots on its operations, Dadosh said. When asked if Venn would issue a token – a common (and valuable) tool for crypto networks to distribute power among users – Dadosh said he couldn't talk about it right now. But he said Venn will run a points program that will recognize network usage. Many crypto protocols use points as a precursor to token releases."The original idea was to create a prevention layer for malicious exploits and make sure it is aligned with Web3," Dadosh said.Edited by Nick Baker.

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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