The Good Tech Companies - Crypto Security Tool Harpie Expands Theft Protection To Three New Blockchains

Episode Date: June 25, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/crypto-security-tool-harpie-expands-theft-protection-to-three-new-blockchains. In response, the company is expanding its security offering to accommodate rising user adoption of layer 2 blockchains. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #harpie, #chainwire, #press-release, #harpie-announcement, #layer2, #blockchain-security, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Harpie is expanding its security offering to accommodate rising user adoption of layer 2 blockchains. Harpie has protected $5.4 million in Ethereum assets to date. The expansion of theft protection to include asset coverage on Base, Polygon, and Arbitrum is a step toward achieving their mission to eliminate crypto theft globally.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Crypto security tool Harpy expands theft protection to three new blockchains.by Chainwire. New York, New York, United States, June 25, 2024, Chainwire, asterisk asterisk the company expands flagship Ethereum mainnet support to accommodate rising user adoption of Layer 2 blockchains. Harpy, a blockchain security suite that protects retail investors and their digital wallets from theft, today announces the expansion of their flagship Ethereum wallet protection to include coverage for assets on Layer 2 blockchain's base, Polygon, and Arbitrum. Layer 2 market capitalization has surged more than 400% in the last 12 months, up from $11 billion in

June 2023 to $47 billion in June 2024, driven by market demand for more scalable blockchain solutions that offer lower transaction fees than Ethereum mainnet. Harpy anticipates a continuation of this growth and, in proportion, an increase in theft and crime on Layer 2 networks. In response, the company is expanding its security offering to accommodate rising user growth and, in proportion, an increase in theft and crime on Layer 2 networks. In response, the company is expanding its security offering to accommodate rising user adoption of Layer 2 blockchains. Harpy helps users safeguard their digital wallets against theft by establishing a trusted network of apps and peers with its proprietary on-chain security algorithm. When a user interacts with an address outside of this trusted network, Harpy flags this interaction as theft and intercepts the transfer in real time before the transaction finalizes on the blockchain. This response secures users against a variety

of attacks, such as phishing scams, smart contract hijackings, and private key theft, as well as protects against the repercussions of human error, like copying and pasting the wrong recipient address or signing a malicious contract. Harpy has protected $5.4 million in Ethereum assets to date. Greater than, before Harpy, consumers had no reliable tools to protect their crypto assets greater than in real time. We as users were on our own to detect and avoid scams. With, Harpy, people have the peace of mind to trade and transact with the greater than reassurance that their assets are protected from theft and scams. Expanding to greater than new chains is a simple result of wanting to provide that same

peace of mind to greater than users on their preferred L2, said Daniel Chong, co-founder and CEO of Harpy. The expansion comes at a critical time when the crypto market is buzzing with activity, due to the bullish sentiments driven by the recent ETH ETF approval sand the explosive popularity of meme coins. These trends are attracting a significant influx of new and sometimes inexperienced investors, making robust security measures more essential than ever. Harpy is committed to becoming a cornerstone of blockchain infrastructure. The expansion of theft protection to include asset coverage on base, polygon, and arbitrum is a step toward achieving their mission to eliminate crypto theft globally.

Multi-chain protection on Harpy is now live. To learn more, users can visit harpy.io. About Harpy Harpy gives crypto traders the power to defend themselves against theft. With their proprietary on-chain security solution, Harpy safeguards wallets in real-time by monitoring for and blocking malicious transactions before they confirm and chain. Harpy simplifies crypto security with an intuitive and holistic platform, helping users of all experience levels eliminate the threat of blockchain-based theft. Harpy launched in September 2022 and is backed by leading Web3 names including Dragonfly Capital, Coinbase Ventures, and OpenSea. Website, Twitter contact Head of Marketing Ash Howe Harpy Media at harpy.io

Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.