Looking for alerting systems for hacks affecting crypto projects (and their token prices)

Discussion

Hi there! Recently, chainswap, anyswap, bondly and thorchain suffered hacks. Projects which were affected in chainswap and anyswap had their prices plummet, and so did bondly and thorchain. I was wondering if anyone here has any mechanisms to detect these hacks as soon as possible. A few of the methods I've contemplated are:-

  1. Price alerts - Setting up alerts like a 10% drop in 5 minutes (just an example) might be a good indicator of an external event affecting prices. If anyone knows somewhere you can set an alert like this, please suggest.

  2. Nansen - Nansen monitors wallets as well as tokens and in their token god mode you can see balance change in exchanges for that particular token. Now if the liquidity vault for an exchange has been hacked you'd be able to see the affect in balance change in exchanges, i.e. it would show a huge withdrawal. But, if the hacker exploited a minting contract you would only see a positive inflow via balance change in exchanges when the hacker goes to sell their loot. Sadly you can't set up alerts using balance change in nansen. You can only set alerts on wallets to see if a certain USD amount has been transacted. I found this quite limiting, and I'm open to suggestions.

  3. Third parties - By third parties, I mean twitter accounts, or other dedicated accounts to alert peole of hacks. There might be a lag in their detection, but they can cover projects that you might not be interested in. Again, if anyone knows any such accounts, please suggest.

If there are any other platforms like nansen that could work well for alerts, I'm open to that too. I'd appreciate the community's help on this. Thank you in advance!

Posted Jul 21, 2021, 12:15 PM UTC

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