This is why we integrated
@phylaxsystems into our stack.
A misconfigured integration created standing approvals. Phylax's Credible Layer caught it:
→ $44,653 in confirmed user losses prevented
→ 4000 drain attempts dropped
→ $1,5M in cumulative drain volume neutralized
Drain transactions are evaluated and rejected during block building and never reach inclusion. All protected contracts stay untouched.
↓
So far, we have stopped over:
1. 4,000 distinct drain attempts
2. $1.5M in cumulative drain volume
3. tens of distinct users who would have been victim
The Credible Layer is the most advanced circuit breaker in crypto; compatible with any EVM chain.