Eliptik, a leader in the field of crypto asset risk management solutions, has joined forces with CoinLoan, the only crypto lending platform with EU licensing.
As acceptance and investments in cryptocurrencies grow, so do the hazards associated with cybercrime as criminals find new ways to defraud investors of their digital money. CoinLoan and other cryptocurrency platforms must pledge to provide security that is the best in the business. In order to protect investors and their loans, CoinLoan has teamed with Elliptic.
Cryware, a cyberthreat that steals information including wallet addresses, seed phrases, and patterns used for private keys from non-custodial wallets, is particularly dangerous to investors. Cryware substitutes a victim’s wallet address with an attacker’s using the clipping and switching technique. Once money has been transmitted, it is impossible to turn back the transaction.
CoinLoan is dedicated to being at the forefront of industry development, including cybersecurity, and shares a mission with Elliptic.
Elliptic is a market pioneer that offers blockchain analytics and risk management for cryptos:
Through its collaboration with Elliptic, CoinLoan is able to provide users with more guarantees about the security and safety of their digital assets. Additionally, this shows other platforms that CoinLoan complies fully with AML and KYC requirements, guaranteeing the speed and security of all transactions.
CoinLoan CEO Alex Faliushin said: “Bu şirketi 2017 yılında mümkün olan en güvenli kripto kredisi ve takas platformunu oluşturma hayaliyle kurduk. İlk günden itibaren kurallara göre oynamak, uygun fiat ağ geçitleri sunmamıza ve kullanıcılara gönül rahatlığı vermemize olanak sağladı. Bir şirket olarak büyüdükçe, bu orijinal hedefe olan bağlılığımız devam ediyor ve Elliptic'i ortağımız olarak getirmek, müşterilerimizin - en çok bağlı olduğumuz kişilerin - CoinLoan tarafından güvende ve desteklenmiş hissetmelerini sağlayacaktır."
“Elliptic and CoinLoan share a commitment to building a safer ecosystem for crypto transactions,” Tom Robinson, Chief Scientist at Elliptic, said. “By leveraging Elliptic’s solutions, CoinLoan ensures thorough monitoring of the broad range of crypto-asset transactions.”
Following CoinLoan’s own fraud detection team’s discovery and prevention of a potential significant hack of the Trezor wallet, brought on by a data breach at an email newsletter provider, this cooperation was announced. CoinLoan is continuing to establish cybersecurity and fraud prevention standards in the cryptocurrency market by thwarting this hack and working with Elliptic.
Source: https://zycrypto.com/coinloan-and-elliptic-collaborate-to-strengthen-user-crypto-security/