On June 6, Immunefi shared that FailSafe joined as the newest Magnus partner. This move aims to improve On-chain security for Web3 systems. The collaboration brings FailSafe’s Real-Time Protection into the Magnus workflow. Mitchell Amador, Founder and CEO of Immunefi, said, “Failsafe is one of Asia’s leading providers on chain monitoring, protecting leading banks and protocols.” He added, “We’re overjoyed to be bringing them into Immunefi Magnus.” He noted that every customer can integrate FailSafe’s threat monitoring solution with one click. This integration avoids any major changes to existing codebases.
Magnus as a SecOps Command Center for Web3 Security Teams
Immunefi’s Magnus serves as a SecOps command center for web3 security teams. It collects tools for audits, bounty hunts, firewall setup, and threat monitoring. Integration of FailSafe’s Real-Time security adds a runtime defense layer. This layer watches for risks while contracts operate live on-chain. Web3 teams can respond to incidents quickly using automated workflows. The platform’s goal is to manage complex security demands without manual tasks. It offers a layered defense approach to match evolving web3 threats. The unified stack helps teams see vulnerabilities and live attacks in a single view.
FailSafe Joins Magnus Platform for Live On-Chain Threat Mitigation
FailSafe is now integrated within the Magnus platform, offering live threat mitigation. This tool watches smart contracts after they are deployed on-chain. It can detect flash loan exploits and privilege escalation attempts. FailSafe can freeze contracts when it spots malicious behavior. Policy enforcement runs automatically, helping teams meet security standards without coding changes. Additionally, logging features capture incidents to support compliance and postmortem investigations. The CEO of FailSafe, Aneirin Flynn, said, “FailSafe is excited to partner with Immunefi to bring end-to-end coverage to the smart contract threat surface.” “From proactive bounty discovery to real-time runtime defense,” he added.
FailSafe is active in protocols managing over $2.5 billion in assets. Its use spans DeFi platforms, enterprise treasury teams, and stablecoin issuers. In production, it has helped stop unauthorized activity before major losses. Early detection of suspicious actions is a key safety feature. Detailed logs capture incidents to support post-incident analysis and compliance checks. This data aids teams in meeting regulatory and internal reporting demands. Organizations can review logged events to improve future security strategies. Adoption shows trust in combining proactive and reactive security measures.
Why Static Defenses No Longer Suffice in Blockchain Platforms
Blockchain ecosystems face rising security threats and complex attack methods. Static defenses alone no longer meet these evolving security needs. Teams need tools that act during active deployments and live operations. FailSafe’s Real-Time Protection provides an always-on monitoring layer for contracts. This layer activates when code is live, reducing exploit windows significantly. It closes the gaps between finding vulnerabilities and stopping exploit attempts. The combination with Immunefi’s Magnus seeks to match modern risk levels. Partnerships like this aim to strengthen defenses across DeFi, NFT, and token platforms.
Runtime monitoring can spot misuse of administrative privileges in contracts. It also detects manipulation of governance and token minting functions. When threats appear, the tool may isolate affected smart contract addresses. Policy enforcement lets teams match security frameworks without changing code. This approach removes barriers during onboarding for complex DeFi applications. FailSafe integrates easily to support continuous defense and monitoring operations. Teams need minimal work to deploy it alongside existing security tools. Combined tools help maintain on-chain operations with reduced friction.
Unified Security Stack for Evolving On-Chain Threats
The integration aims to meet evolving On-chain security needs in decentralized systems. Combining Immunefi’s Magnus and FailSafe provides a unified defense stack for developers. Teams gain tools covering vulnerability discovery to live threat response workflows. Lifecycle coverage now spans code audits, bounty programs, and runtime defense. This is crucial as blockchain applications grow more complex. The unified approach helps match defense strategies to modern risk levels. As threats evolve, these systems need to evolve as well to maintain secure on-chain operations.
The post Immunefi Partners With FailSafe to Bring End-to-End Smart Contract Security and Real-Time Runtime Protection to Magnus appeared first on Coinfomania.