PeckShield joins forces with Binance Smart Chain ecosystem to strengthen and enhance DeFi security

Beijing, April 30th — PeckShield Inc. (PeckShield), the industry-leading blockchain security company, announced join forces with Binance Smart Chain (BSC) ecosystem to enhance security implementations in a rapidly expanding Decentralized Finance sector.

Data shows that both transaction volume and unique active wallets (UAWs) on BSC have risen substantially. Since 2021 most DeFi platforms fall into the category of decentralized applications (dApps) built on top of smart contract-enriched blockchains — primarily BSC.

The growth of the market reinforces the importance of on-chain and off-chain monitoring to ensure the safe and responsible adoption of dApps. Utilizing PeckShield’s On-Chain & Off-Chain Monitoring Solution, the BSC community can automatically analyze digital asset transactions and receive reliable and timely risk assessment.

PeckShield will help BSC community contributors and projects to identify potential scams, phishing, rug pulls, and hacks, as well as tracking illicit asset flows and performing associated forensics.

“We’re thrilled to be involved and offer the security and intelligence service to the BSC community,” said Dr. Xuxian Jiang, Founder and CEO of PeckShield, “By having a comprehensive collaboration with the BSC community, we are able to gain unprecedented insights and leverage our years of experience and knowledge to bolster the security of the whole ecosystem, especially on the analysis and investigation of ongoing threats and malicious activities.”

“It’s great to see that security-focused businesses are eager to work on the BSC network. To protect the ecosystem, they need to analyze threats and prevent malicious activity before it occurs, and I’m happy to see that this task is being taken upon by a team with years of experience and knowledge. We welcome PeckShield in the BSC community, and we’re confident that their work will bolster the security of the whole ecosystem.”

PeckShield is one of the pioneers in the DeFi audit sector. With dozens of years of experience and noted achievements in the area of vulnerability analysis, operating systems, and malware defense, PeckShield has audited a variety of notable DeFi protocols, including MakerDAO, Aave, SushiSwap, InstaDApp, Curve Finance, and Bancor. They analyzed and reported the root cause of several high-profile incidents and hacks.

CoinHolmes is the industry-leading cryptocurrency compliance and AML solution provided by PeckShield. With the most comprehensive coverage across the market, CoinHolmes supports over 100,000,000 address tags, and offers a variety of services, including transaction monitoring, wallet screening, and blockchain forensics. CoinHolmes is trusted by global compliance and investigative teams around the world.

About PeckShield

PeckShield is a blockchain security company aiming to elevate the security, privacy, and usability of the entire blockchain ecosystem by offering top-notch, industry-leading services and products. The company was founded by forward-looking, passionate entrepreneurs and veteran researchers with a strong desire to improve the state-of-the-art security of large-scale systems. With a recent focus on blockchains, PeckShield publishes trending reports and provides services and products to identify hidden vulnerabilities (e.g., in smart contracts and consensus protocols), expose zero-day exploits, and defend against emerging threats.

For more information on PeckShield, visit https://peckshield.cn/en.

About Binance Smart Chain

Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible DApps.

For more information on Binance Smart Chain, visit https://www.binance.org/#smartChain.

A Blockchain Security Company (https://peckshield.com)