Hypernative
Date/Time
8.7.2024
16:00

Stacks Ecosystem Is Now Secured by Hypernative

Hypernative's real-time threat detection and automated response platform is now securing the Stacks protocol and projects that build on it

The Stacks Layer 2 solution for building new use cases on Bitcoin will now benefit from making its protocol and projects unassailable to hacks by adopting Hypernative's industry-leading real-time threat detection and response platform.

Stacks enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto release will bring faster speeds as well as transactions that are as irreversible as Bitcoin’s once confirmed, setting the stage for a programmable Bitcoin asset called sBTC later in the year. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $1 trillion in passive capital as a fully programmable, productive asset.

"The Stacks ecosystem is on a mission to scale Bitcoin and make more advanced financial constructs like decentralized finance possible on the network," said Gal Sagie, co-founder and CEO of Hypernative. "With more code and more smart contracts comes a critical need to make sure they are safe. Hypernative is proud to secure the entire Stacks ecosystem in real time and help activate the Bitcoin economy."

Projects building on Stacks will get access to Hypernative Platform and receive assistance in configuring and setting up security monitoring and prevention flows. Hypernative will assist with incident response, helping investigate and identify root causes and leveraging its network of connections for recovery of lost funds. The scope of monitoring and response will include:

  • Security
  • Compliance
  • Threat intelligence
  • Financial & market risks
  • Operational risks
  • Governance risks
  • Phishing, scams and fraud

As part of the integration, Stacks security will be enhanced with ecosystem-wide monitoring that covers a broad range of attack surfaces and risk vectors including bridges, internal infrastructure smart contracts, multisig wallets, treasury and token allocations, and more. Hypernative will also create a risk dashboard and a dedicated support channel.

Smart contracts call for smarter security. Hypernative monitors both onchain and offchain data sources in real time to stop hacks with the fastest and most-reliable threat detection and response in Web3. Hypernative Platform accurately identifies over 200 risk types from smart contract hacks and bridge security incidents to frontend compromises, market manipulations and private key theft.

Hypernative Platform uses battle-tested, sophisticated machine learning models, heuristics, simulations, and graph-based detections to identify threats with high accuracy and give customers precious minutes to respond before exploits can do damage. The system monitors security, technical, financial, governance and other risks. Hypernative Platform detected 99.5% of hacks last year with less than 0.001% false positive rate and saved more than $50 million of funds to date.

Stacks joins over 100 Web3 projects that rely on Hypernative’s real-time enterprise-grade platform that monitors over $37 billion worth of digital assets across 40 chains. The list includes Balancer, Berachain, Chainalysis, Chainlink, Circle, Ethena, Ether.fi, Flare, Galaxy Digital, Karpatkey, Linea, Messari, OlympusDAO, Radiant Capital, Sei Networks, Starknet, Woo Finance, and more.

Reach out for a demo of Hypernative’s platform, tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.

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