đDetails
Automated Agents and Modular Approach
FlipGuard employs automated agents, which are intelligent algorithms designed to perform specific tasks autonomously. By adopting a modular approach, we are able to combine different models with diverse datasets, enabling a more comprehensive and effective security solution.
Malicious Smart Contract Detection
One of the primary objectives of FlipGuard is to detect and prevent the deployment of malicious smart contracts. While there are limited research papers on this subject, FlipGuard incorporates the latest advancements in AI and data pattern analysis.
Notably, the protocol uses a data-focused approach to identify malicious smart contracts, with a particular emphasis on EVM chains that share smart contracts. This approach enables the identification of exploitative patterns and potential vulnerabilities in the code.
Sentiment Analysis and Social Element
Recognizing the significance of the social element in web 3.0 scams and rug pulls, FlipGuard integrates sentiment analysis of live social feeds. By flagging wallet addresses associated with malicious activities and examining their connections in the network, the protocol provides valuable insights into the sentiment associated with these addresses.
Preliminary testing of basic models on social engineering scripts has yielded promising results in identifying scammers and their tactics. Moreover, the integration of models capable of generating diagrams, flow charts, and mind maps enhances the visual reference for human analysis, aiding in the identification of complex scam networks.
Recursive System and Exploit Database
FlipGuard employs a recursive system that continuously scans and analyzes smart contracts as they are deployed on EVM chains. The protocol flattens and hashes the contracts and references their calls, functions, bytecode, ABI, and attached addresses.
By utilizing the power of automated agents, FlipGuard can achieve deep analysis, limited only by available compute power. The analyzed data is then integrated into an open-source web 3.0 exploit database, currently known as 0xunderground, with the aim of creating a comprehensive repository of smart contract vulnerabilities.
Alerts and Accountability
As FlipGuard's agents scan the blockchain and detect smart contracts with matching hashes indicative of known exploits, these contracts are flagged, and alerts are pushed out via an API to web 2.0 and web 3.0 platforms that wish to access this information.
This approach does not restrict the deployment of smart contracts; instead, it emphasizes the need for accountability among exchanges and marketplaces. By providing real-time alerts on potentially malicious contracts, FlipGuard enables platforms to take proactive measures in protecting their users.
Open-Source Research and Analysis
To ensure the accuracy of the identification process, FlipGuard incorporates a team of open-source researchers and analysts. Smart contracts flagged as potentially malicious but requiring further analysis are sent to this team for manual verification. This collaborative effort aims to confirm the presence of an exploit or clear the flagged contract, contributing to the refinement and improvement of the exploit database over time
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