Disclaimer: The following is a press release that was not written by Cryptonews.com.
June 22, 2022, Tallinn: CoinLoanEurope ‘s first licensed cryptocurrency lending platform has partnered with Ellipticalpioneer in cryptographic risk management.
Investments in cryptocurrencies and the adoption of digital currencies are on the rise, and investors are facing increasingly sophisticated threats of fraud and cybercrime as hackers devise new and innovative methods to defraud them. As part of its commitment to providing security, CoinLoan has partnered with Elliptic, the industry’s most trusted blockchain analytics and risk management provider, to ensure that its users can feel secure in their crypto loans and investments.
As an example of how this is not an exaggerated problem: there are information thefts known as cryware that steal private key patterns, seed phrases and wallet addresses from unguarded wallets. By clipping and changing, the address of an individual’s wallet can be transformed into that of a malicious party, making it impossible to reverse the transaction once the funds are transferred.
Elliptic is the world’s leading provider of blockchain analytics and risk management solutions for digital assets:
- 66% of cryptocurrency trading volume goes through exchanges that Elliptic uses for blockchain tracking, and 98% of all cryptocurrency asset trading is overseen.
- More than 100 billion data points are analyzed in more than 500 cryptocurrencies to identify risk factors.
- Businesses can receive alerts from Elliptic’s rich API about funds and addresses associated with various types of fraud.
- Each suspicious transaction is investigated and processed manually.
CoinLoan and Elliptic share a similar view of being at the forefront of cybersecurity, so their partnership makes perfect sense. Through its partnership with Elliptic, CoinLoan can provide greater protection and security for users ’cryptocurrencies. CoinLoan also seeks to indicate to other platforms that it fully complies with the AML and KYC guidelines, ensuring that all transactions are safe, secure and efficient.
CoinLoan CEO Alex Faliushin commented on the partnership: “We started this business in 2017 with the dream of building the most secure crypto exchange and loan platform possible. Following the rules from day one has allowed us to offer convenient fiat gateways and give you peace of mind. As we grow as a company, our commitment to this unique goal continues to be maintained and incorporating Elliptic as a partner will ensure that our customers, the people we are most committed to, feel safe and supported by CoinLoan.
“Elliptic and CoinLoan share a commitment to building a more secure ecosystem for cryptographic transactions,” explained Elliptic chief scientist Tom Robinson. “By leveraging Elliptic’s solutions, CoinLoan ensures comprehensive tracking of the wide range of cryptocurrency transactions.”
This partnership is another chapter in CoinLoan’s history as a proponent of cryptographic security. CoinLoan’s fraud detection team recently thwarted a huge potential attack on the Trezor portfolio that had its roots in hacking into an email newsletter service. CoinLoan’s proactive security measures and partnership with Elliptic demonstrate an anti-fraud ethic and protecting cryptographic assets from the constant threat of cyberattacks.
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John Norris / Emma Dodds
E-mail: [email protected]
Phone: +44 (0) 20 7250 4770
CoinLoan is an EU-licensed cryptocurrency company that started as a project in 2017. Its platform offers instant loans against cryptocurrencies, cryptocurrency interest account and cryptocurrency exchange. These services are provided to both individuals and corporate entities, except as required by applicable law. We offer our clients the highest standards of security and asset insurance, enabling both corporate and private clients to benefit from the highest levels of protection.
Its highly competitive loans and APY rates, transparent pricing and 24-hour human customer service 7 days a week have resulted in high customer retention and satisfaction. The CoinLoan platform allows you to exchange and manage a wide and growing range of cryptocurrencies, including your native token and your fiat currencies.
The company focuses on continuous innovation through state-of-the-art technology and partnerships, providing customers with constant improvements and possibilities within the cryptographic world.
For more information, visit us at https://coinloan.io/.
Elliptic is the world leader in cryptocurrency risk management for cryptocurrency companies and financial institutions around the world. Recognized as a WEF technology pioneer and backed by investors such as JP Morgan, Wells Fargo Strategic Capital, SBI Group and Santander Innoventures, Elliptic assessed the risk of multi-trillion dollar transactions by uncovering money laundering, terrorist fundraising, fraud and more. financial crimes. Elliptic is headquartered in London and has offices in New York, Singapore and Tokyo. To learn more, visit www.elliptic.co and follow us LinkedIn e Twitter.