Phylax Systems

@phylaxsystems

The Circuit Breaker company of New York

New York & Frankfurt

phylax.systems

Joined August 2023

Pinned
Phylax Systems
@phylaxsystems
May 18
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.
Odysseus | phylax.systems
@odysseas_eth
Mar 24
Phylax just blocked its first live exploit attempt on Linea. An external integration misconfiguration caused some wallets to approve a 0x Settler address directly. Working with @0xProject, we deployed a targeted mitigation... and the first drain attempt was stopped! Read on
Phylax Systems
@phylaxsystems
Aug 4
Today we’re shipping an update to the Phylax app to make the following questions easier to answer for inquiring users: What security properties is a protocol trying to preserve? What can cause irreversible damage? What mechanisms are in place to prevent swift and irreversible
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Phylax Systems
@phylaxsystems
Apr 23
Circuit Breakers are going to become industry standard.
Bankless
@Bankless
Apr 23
LIVE NOW - The $280 Million DeFi Exploit That Changes Crypto Forever A $280 Million DeFi exploit exposed the hidden fragility of crypto’s most trusted systems. @delitzer and @odysseas_eth break down: - how the attack happened, - why bridge risk and protocol composability
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Phylax Systems
@phylaxsystems
Apr 22
KelpDAO, DPRK, and DeFi's Bad Debt Reckoning
REPLAY
Phylax Systems
@phylaxsystems
KelpDAO, DPRK, and DeFi's Bad Debt Reckoning
Phylax Systems
@phylaxsystems
Apr 19
Phylax is using Vercel to host some of it's systems. After the announcement of their security incident, we proceeded in a security review of our infrastructure and rotation of keys. We will continue to to monitor the situation.