Crypto News

CoinLoan partners with Elliptic to provide top-notch security for crypto users

With the advent of crypto assets and digital currencies, cybercrime and fraud are becoming more sophisticated as hackers develop new and innovative techniques to defraud investors. CoinLoan has partnered with Elliptic, a leading provider of Blockchain-Analytics and risk management solutions for crypto assets to offer its users the highest level of security and peace of mind.
This is not an exaggerated problem. Cyber ​​criminals have developed information-stealing software called Cryware that steals templates from non-custodial wallets to obtain private keys, seed phrases, and Wallet– Identify addresses. Cutting it off and switching it can turn a wallet address into that of a bad actor making it impossible to reverse the transaction once funds have been transferred.

Here are some reasons why Elliptic is a global leader when it comes to blockchain analytics and risk management for crypto assets.

  • Sixty-six percent of cryptocurrency trading volume is conducted by exchanges using Elliptic for blockchain monitoring, accounting for over 98% of all trading.
  • The tool provides actionable risk insights across 500+ crypto assets and 100+ billion data points.
  • the API programmatically alerts companies to funds and addresses involved in fraudulent activity.
  • Investigation and processing of each suspicious transaction is done manually.

Elliptic and CoinLoan share a similar philosophy when it comes to cybersecurity, so their partnership is a logical one. With the help of Elliptic, CoinLoan can offer crypto owners more protection and security for their assets. CoinLoan also signals to other platforms that it follows the strictest AML/KYC guidelines and ensures smooth, fast and secure transactions.

Commenting on the partnership, CoinLoan CEO Alex Faliushin said:

“We founded this company in 2017 with a dream to build the most secure crypto lending and exchange platform possible. Playing by the rules from day one has allowed us to offer convenient fiat gateways and give users peace of mind. As we have grown as a company, our commitment to that original goal remains, and adding Elliptic as a partner will ensure our customers do so the people to whom we are most indebted feel safe and supported by CoinLoan.”

Tom Robinson, Elliptic’s co-founder and chief scientist said:

“Elliptic and CoinLoan share a shared commitment to building a safer ecosystem for crypto transactions. By leveraging Elliptic’s solutions, CoinLoan ensures thorough monitoring of the wide range of crypto-asset transactions.”

Among CoinLoan’s recent crypto security achievements is when its fraud team stopped a potentially significant attack on the Trezor wallet that was traced to a hack of an email newsletter service. Together, this development and CoinLoan’s partnership with Elliptic underscores CoinLoan’s commitment to redefining the standards of cybersecurity and fraud prevention across the industry.

About CoinLoan

CoinLoan is an EU-licensed crypto company that started as a project in 2017. Its platform offers instant loans against crypto assets, interest accounts in crypto, and crypto exchanges. These services are provided to both natural and legal persons, with the exceptions prescribed by the applicable laws. We offer our clients the highest security standards and asset insurance, so both corporate and private clients benefit from the highest level of protection.

The highly competitive loan and APY rates, transparent pricing, and 24/7 human customer service has resulted in high levels of customer retention and satisfaction. CoinLoan’s platform allows for the exchange and management of a comprehensive and growing range of cryptocurrenciesincluding native token and fiat currencies.

The company focuses on continuous innovation through cutting-edge technology and partnerships to provide customers with constant improvements and opportunities in the crypto world.

For more information please visit us on our website.

About Elliptic

Elliptic is the global leader in crypto asset risk management for crypto businesses and financial institutions worldwide. Recognized as a WEF technology pioneer, Elliptic is backed by investors including JP Morgan, Wells Fargo Strategic Capital, SBI Group and Santander Innoventures. Elliptic has assessed the risk of trillions of dollars worth of transactions and uncovered activity related to money laundering, fundraising for terrorists, fraud and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore and Tokyo. To learn more, visit the website and follow us on LinkedIn and Twitter.


John Norris / Emma Dodds, Moonlight IQ

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Source: Crypto News Deutsch

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