DeFi project $1inch collaborates with security solution provider Blockaid to launch $1inch Shield, enhancing Web3 security. $1inch Shield conducts round-the-clock screening of blockchain addresses to identify risks related to sanctions, terrorism financing, hacker attacks or stolen funds, ransomware, human trafficking, and more. Suspicious addresses identified through the screening process are promptly blocked. Additionally, the system integrates Etherscan Pro's blacklist feature to further enhance security measures.