Kaizen Security Shield: Crypto Protection That Pushes Scammers to Desperate Measures
Kaizen Security Shield: Crypto Protection That Pushes Scammers to Desperate Measures
Crypto is exciting! Not only that it enables great investment rewards if you take the time to learn the ropes, but also presents unique opportunities to play a role in creating the future of finance as we know it.
But unfortunately, not everyone enters crypto with the Kaizen mindset.
Being a prosperous developing industry, crypto inadvertently attracts those with an ill intent of making a quick buck using all the wrong means. Those that produce the stories of multi-million dollar fraud, exploits or straight up theft in the process.
Not all bad actors make headlines though. The use of sniping bots, front-running, or even KYC fraud are much less fancy but still collectively damaging to individual investors, projects, and, as a result, the crypto industry as a whole.
If you had to choose one area to improve to help advance mass adoption, then security would likely make the top of the list.
The Kaizen Approach to Security
It takes proper experience to tackle the issue of security on such a large scale.
That’s where our 15+ years of experience in cybersecurity of military-grade telecommunications and data routing security comes in.
We created the Kaizen.Finance token management platform to help projects launch successfully and provide users with the chance to participate in early investment rounds that are otherwise unavailable to small investors.
With Kaizen supporting and greatly simplifying all the necessary token creation processes, projects can enter crypto hassle-free. The robust set of tools and features enables Kaizen to do it all — smart contract security, vesting schedule automation, token staking and claiming pages, market making, listing on exchanges and much more.
As cybersecurity runs deep in our roots, Kaizen was always intended to offer means of strong protection for users and projects in the battle against malicious actors and their schemes. Hence, the Kaizen Security Shield.
What Is Kaizen Security Shield
Kaizen Security Shield is a collective of token security services offered by the Kaizen.Finance platform. It was specifically developed to act as a protective shield and crack down on the malicious schemes designed to scam investors, disrupt token launches, and exploit transactions and order executions.
Kaizen Security Shield effortlessly detects and prevents front-running attempts, sniping bot activity and even more! The Shield uses smart on-chain traffic analysis to catch suspicious transactions and immediately block malicious activity.
Sniping Bot Protection
Kaizen’s protection against sniping bots ensures the security of token listings by thwarting unfair trading practices and unauthorized transactions, preventing significant financial loss.
By detecting and blocking automated bots, the solution mitigates the exploitation of tokens for trading opportunities.
It also extends security measures to prevent illegal fund outflows and stop suspicious transactions, preventing potential losses (which can exceed $500,000 in some cases during TGE).
Protection Against Frontrunning
Frontrunning exploits the blockchain transaction process, allowing malicious individuals to manipulate the price of tokens by buying them at lower prices before significant transactions and selling them at higher prices afterward.
This unfair advantage leads individuals and communities to purchase tokens at inflated prices, effectively stealing the price difference.
To prevent this type of attack, Kaizen implements a set of technical measures. These means protect projects and their investors from potential financial harm by preventing bad actors from exploiting information about upcoming transactions to gain a financial advantage.
Image 1. Hacker withdrawing tokens from exchanges
It also has low tolerance for shady community members who are seeking to forge their way past the KYC procedure. To detect KYC fraud, Kaizen Security Shield inspects data received from off-chain providers and gives a decisive slap on the wrist to any individual or bot that tries to sneak in using fake documents, ID or other information.
Image 2. Attempted KYC fraud
Desperation as Measure of Success
Projects that have used the Kaizen.Finance platform to create and launch their token have testified to having great success with Kaizen Security Shield. Of course, the launch of the KZEN token was entirely secured using the Kaizen Security Shield. It has a faultless track record, proven by zero successful front-run cases as seen on dextools.
Exchanges that have worked with Kaizen have had excellent feedback on the smoothness of Kaizen-supported launches. In part, such results are achieved through the Shield’s on-chain collection and relentless blacklisting of wallet addresses historically associated with fraud.
Blacklisting plays a significant role in overall security by offering preventative protection. With it enabled, projects maintain a secure environment by promptly blocking wallets involved in malicious actions, thereby protecting sales, the community, and reputation.
The system is designed to be precise, avoiding false positives and allowing genuine buyers to participate without interruption. You can also manually add or remove wallets from the list if the need arises.
Image 3. Wallet addresses associated with fraud
As a matter of fact, the effectiveness of Kaizen Security Shield has produced responses from malicious actors who in their desperation have started spreading misinformation through the use of bots in an attempt to undermine Kaizen’s reputation of transparency and security.
In reality, those are unlikely to be taken seriously by anyone. Actually, it is likely to produce an opposite effect, testifying to the successful advancement of token security headlined by Kaizen’s Security Shield. Take it as another proof if you will. After all, it must be worth something if it managed to get scammers’ feelings hurt.
If you are a project that is seeking effective protective means for your token, its sales and launch, then you can reach the Kaizen team with your questions at ask@kaizen.finance or apply for our services on the Kaizen Labs page.
Kaizen is also known for being transparent and speaking openly with its community, so if you are a member who has suggestions or feedback on your experience with the Kaizen Security Shield or its features, then you can get in touch with the team at info@kaizen.finance or contact our administrators in the Official Telegram Group.
