1inch and Innerworks Revolutionize Cyber Defense: Introducing an AI-Powered Immune Layer

Hack ByBit

1inch, a decentralized exchange (DEX) aggregator, has partnered with cybersecurity firm Innerworks to enhance protection for digital assets through artificial intelligence (AI). Their new initiative aims to transform how decentralized finance (DeFi) protocols protect against cyber threats by creating a predictive AI-powered immune system that can identify and counteract attacks before they occur.

Key Takeaways

1inch collaborates with Innerworks to develop an AI-driven immune system for improved digital asset protection.
The new system anticipates and neutralizes cyber threats, utilizing insights from Innerworks' AI.
The collaboration promotes proactive and adaptive security measures rather than reactive defenses.
This initiative aims to create a safer digital economy in the rapidly evolving DeFi landscape.

From Defense to Immunity

To enhance its security measures, 1inch is shifting from a reactive defense strategy to a more proactive immunity approach. Innerworks' AI analyzes hacker behavior, allowing it to feed critical intelligence into 1inch's defenses. Their innovative RedTeam platform performs ongoing ethical penetration tests to identify vulnerabilities before they can be taken advantage of by malicious actors.

As threats evolve, cybercriminals are increasingly utilizing AI-generated "synthetic" attacks that mimic human behavior online. Innerworks combats these threats with advanced AI models that predict and respond to attacks in real time. This process operates unobtrusively, requiring no action from the 25 million users of 1inch.

Sergej Kunz, Co-Founder of 1inch, noted, “We’re flipping the script on hackers. By leveraging AI to anticipate their movements, we can proactively adapt our defenses to meet emerging threats head-on. This commitment to continuous testing and improvement is what makes 1inch one of the most secure DeFi projects today.”

AI as the Ultimate Red Team

Oli Quie, CEO of Innerworks, highlighted that modern hacking techniques are increasingly AI-driven. "Hackers are synthetic, powered by AI, and capable of breaching every mainstream solution,” he remarked.

Kunz emphasized the advantage of this partnership: “Our RedTeam proves this with a 99% bypass rate. By partnering with 1inch, we are converting this intelligence into a collective immune system that defends crypto and, ultimately, the broader internet." This represents a shift towards adaptive security that mirrors natural immunity processes.

Building a Safer Digital Economy

1inch continues to expand its DeFi services, which include seamless token swaps, self-custody wallets, and crypto debit cards, while also enhancing user safety to keep pace with technological advancements.

By partnering with Innerworks, 1inch aims to set a new standard for intelligent, predictive security measures in the Web3 industry, transforming the ongoing battle against hackers into a scientific pursuit of digital immunity.