Uniswap Labs collaborates with Blockaid to develop a new token alert system

ChainCatcher news, according to The Block, Uniswap Labs has partnered with web3 security company Blockaid to develop a new on-chain detection and response system to protect DEX users from malicious token attacks. If users interact with tokens flagged as potentially malicious, Blockaid's tool will alert them.

The tool will be launched on Uniswap's web version, mobile version, and self-custody crypto wallet extension. It combines static (comparing contract source code with known viruses) and dynamic (using virtual environments to trigger contracts) verification heuristic methods, along with various machine learning capabilities, to help prove the legitimacy of tokens.