New York, NY, United States, June 25th, 2024,
Chainwire
The company expands flagship Ethereum mainnet support to
accommodate rising user adoption of layer 2 blockchains.
Harpie, a blockchain security suite that protects
retail investors and their digital wallets from theft, today
announces the expansion of their flagship Ethereum wallet
protection to include coverage for assets on layer 2 blockchains
Base, Polygon, and Arbitrum.
Layer 2 market capitalization has surged more than 400% in the
last 12 months—up from $11 billion in June 2023 to $47 billion in
June 2024—driven by market demand for more scalable blockchain
solutions that offer lower transaction fees than Ethereum mainnet.
Harpie anticipates a continuation of this growth and, in
proportion, an increase in theft and crime on layer 2 networks. In
response, the company is expanding its security offering to
accommodate rising user adoption of layer 2 blockchains.
Harpie helps users safeguard their digital wallets against theft
by establishing a “trusted network” of apps and peers with its
proprietary on-chain security algorithm. When a user interacts with
an address outside of this trusted network, Harpie flags this
interaction as theft and intercepts the transfer in real-time
before the transaction finalizes on the blockchain.
This response secures users against a variety of attacks—such as
phishing scams, smart contract hijackings, and private key theft—as
well as protects against the repercussions of human error, like
copying and pasting the wrong recipient address or signing a
malicious contract. Harpie has protected $5.4 million in Ethereum
assets to date.
“Before Harpie, consumers had no reliable tools to
protect their crypto assets in real time—we as users were on our
own to detect and avoid scams. With Harpie, people have the peace
of mind to trade and transact with the reassurance that their
assets are protected from theft and scams. Expanding to new chains
is a simple result of wanting to provide that same peace of mind to
users on their preferred L2,” said Daniel Chong, Co-Founder
& CEO of Harpie.
The expansion comes at a critical time when the crypto market is
buzzing with activity, due to the bullish sentiments driven by the
recent ETH ETF approvals and the explosive popularity of meme
coins. These trends are attracting a significant influx of new and
sometimes inexperienced investors, making robust security measures
more essential than ever.
Harpie is committed to becoming a cornerstone of blockchain
infrastructure. The expansion of theft protection to include asset
coverage on Base, Polygon, and Arbitrum is a step toward achieving
their mission to eliminate crypto theft globally.
Multichain protection on Harpie is now live—to learn more, users
can visit harpie.io.
About Harpie
Harpie gives crypto traders the power to defend
themselves against theft. With their proprietary on-chain security
solution, Harpie safeguards wallets in real time by monitoring for
and blocking malicious transactions before they confirm on chain.
Harpie simplifies crypto security with an intuitive and holistic
platform, helping users of all experience levels eliminate the
threat of blockchain-based theft. Harpie launched in September 2022
and is backed by leading Web3 names including Dragonfly Capital,
Coinbase Ventures, and OpenSea.
Website | Twitter
Contact
Head of
Marketing
Ash
Howe
Harpie
media@harpie.io