Cointime

Download App
iOS & Android

Hashkey and SlowMist Partner for Digital Assets Play

Cointime Official

HashKey Group and SlowMist are pleased to announce a strategic partnership to collaborate on digital asset ecosystem security, anti-money laundering for digital assets, cutting-edge security technology research, and other technology fields.

The goal of the partnership is to explore and develop comprehensive security standards and solutions that will safeguard HashKey Group's various business lines.SlowMist has focused on blockchain security for years. Whether in terms of comprehensiveness or cutting-edge technology, it maintains a leading position in the industry. As a leader in digital asset management and blockchain technology solutions, HashKey Group continuously maintains its leading position in the fast-growing fintech field through constant innovation. This strategic cooperation is expected to provide HashKey Group with higher security standards and contribute to the progress and security development of the entire industry.

Focus areas of the partnership:

1. Security in Digital Asset Ecosystem

With years of experience in the blockchain ecosystem, SlowMist offers a wide range of comprehensive security solutions, including security audits, blockchain threat intelligence (BTI), defense deployment, as well as anti-money laundering (AML) and cryptocurrency tracking (MistTrack) services. Additionally, services such as fake deposit vulnerability scanning, vulnerability monitoring (Vulpush), crypto hack archives (SlowMist Hacked), and smart contract firewall (FireWall.X) are available as SaaS security products.

Under the strategic partnership, SlowMist will provide HashKey Group with tailored security solutions from threat discovery to defense, continuously guaranteeing the security of HashKey Group's businesses. Together, they will build HashKey Group's most critical security gate to deal with various security issues encountered in their development journey.

SlowMist has been focused on security audits for years, providing deeper and more detailed audits than other penetration testing services. These audits promptly discover potential vulnerabilities and provide solutions and security recommendations to improve HashKey Group's best security practices, preventing future risks. SlowMist's related security services already cover top platforms in hundreds of industries, including both centralised and decentralised platforms. The SlowMist team has audited more than 1,500 well-known smart contracts, covering Ethereum, Ethereum Virtual Machine (EVM)-based blockchains, EOS, Fabric, Solana, Klaytn, Aptos, and other public blockchains. During these audits, SlowMist discovered hundreds of high-risk and medium-risk vulnerabilities. With SlowMist's experience and technology capabilities, they aim to take HashKey Group's security to the next level.

SlowMist will also provide Red Teaming services to HashKey Group. SlowMist believes that only by assessing security at the same level of thinking as real attackers can an enterprise fully understand their actual security situation. Red Teaming will evaluate real vulnerabilities in HashKey Group's enterprise staff, business systems, supply chains, office systems, and physical security. Based on the assessment results and HashKey Group's actual security needs, SlowMist will provide optimal graded security defense solutions to primarily protect vulnerable core nodes and effectively increase attackers' costs.

In addition, SlowMist will provide HashKey Group with security consulting services to solve the needs of the entire security system and security lifecycle for target projects. They will also provide HashKey Group with comprehensive asset security solutions for online hot assets, cold assets, and DeFi assets, effectively helping HashKey Group improve the security and stability of their assets.

2. Anti-Money Laundering for Digital AssetsSlowMist provides an AML/CFT compliance solution with two key products, MistTrack and Malicious Address Library, to better defend against cybercriminals and protect user digital assets. MistTrack (https://misttrack.io) focuses on cryptocurrency flow, address monitoring, hacker profiles, investigation and freezing, among other aspects. Combining multidimensional malicious address data and comprehensive address subject label data, MistTrack detects problematic assets on the blockchain (KYT) for HashKey Group, effectively blocking money laundering activities in a timely manner. Currently, MistTrack supports eight chains, including Bitcoin, Ethereum, Binance Smart Chain, Avalanche, Tron, Polygon, IoTeX, and Arbitrum, and has served over 90 clients with a total of over $1 billion in recovered assets.

The Malicious Address Library utilises open-source data, blockchain honeypots, artificial intelligence, and information provided by customers and partners to extract reliable anti-money laundering data in real-time, including ransomware, stolen cryptocurrencies, Ponzi schemes, phishing, dark web markets, and sanctions entities. According to the needs of HashKey Group, it can be applied to different scenarios such as trading platforms, wallets, or other asset management platforms to block money laundering activities during asset transfer processes, effectively verify the source of HashKey Group's verified assets, resist fraud, and ensure asset security and compliance.

3. Cutting-Edge Security Technology ResearchThe global regulation of blockchain security has created a significant demand for security and compliance, while also providing new development opportunities for blockchain security technology. As a leading blockchain security company, SlowMist closely monitors both the innovation of security technology and the development of the blockchain market. Through cooperation with HashKey Group, SlowMist will leverage its deep understanding of various fields, combined with the research and unique insights of HashKey Group's professional investment team, to study and explore the opportunities for these new technologies in development. This will consolidate SlowMist's position as a leader in top digital asset financial service groups.

Comments

All Comments

Recommended for you

  • Lumoz supports Op Stack + ZK Fraud Proof, Initiating a New Paradigm in L2 Architecture

    After completing a total of tens of millions of dollars in financing, the modular computing layer Lumoz continues to make strides in the Layer 2 (L2) space. This week, Lumoz announced that its Modular Compute Layer will support the Op Stack + ZK Fraud Proof Layer 2 architecture, initiating a new paradigm in L2 architecture.

  • Scammers use Google to promote fake Whales Market website to steal cryptocurrency

    According to a report from BleepingComputer, threat actors have discovered a method where scammers use Google's platform to promote phishing websites impersonating Whales Market in order to steal cryptocurrency. These fraudulent websites are placed as sponsored links (i.e. advertisements) at the top of Google search result pages, and despite the domain address displayed on the search result page appearing to be real, users will be redirected to the fake website upon clicking.

  • Bitcoin Halving Happens This Week: HTX Liquid Restaking with New Momentum Fuels Your Crypto Growth

    The highly anticipated Bitcoin halving event is expected to arrive on April 20, 2024. As the block reward falls from 6.25 to 3.125, the cryptocurrency market will undergo a significant shift. Investors worldwide are seeking new ways to maximize their returns in this dynamic landscape.

  • Cyvers: Hedgey suffered the same vulnerability on Arbitrum and lost about $42.8 million

    Cyvers Alerts on X platform stated that the system detected that the financial derivative agreement Hedgey Finance executed the same vulnerability on the ARB chain and gained approximately 42.8 million US dollars in profit.

  • Tether issues 1 billion USDT on Ethereum (authorized but not yet issued)

    Whale Alert has monitored Tether Treasury's addition of 1 billion USDT on Ethereum. Tether CEO Paolo Ardoino stated that this 1 billion USDT is a supplement to Ethereum inventory. This is an authorized but unissued transaction, which means that this issuance will be used for the next issuance request and cross-chain exchange inventory.

  • CertiK: Hedgey vulnerability was exploited and $1.9 million was stolen

    CertiK Alert posted on social media that it has detected that the on-chain token infrastructure protocol Hedgey has been exploited and stolen approximately 1.9 million US dollars.The attacker abused the createLockedCampaign function in flash loans to obtain approval for the use of tokens on the victim's contract. The USDC, NOBL, and MASA tokens in the victim's contract have been depleted.

  • Binance executives' bail application postponed again, still in custody

    The bail hearing for Binance executive Tigran Gambaryan has been postponed again by a Nigerian court, and he remains detained at the Kuje Correctional Center. The hearing is now scheduled for April 22, with the EFCC requesting time to respond to new arguments from the defense. Gambaryan's lawyer criticized the prosecution for failing to respond promptly. Binance has been accused of concealing the source of its income, while Gambaryan is accused of money laundering. In addition, he has also filed a lawsuit against the government for violating his human rights.

  • BTC breaks through $64,000

    The market shows BTC breaking through $64,000, now reporting at $64,012.44, with an intraday increase of 4.95%. The market fluctuates greatly, so please be prepared for risk control.

  • SEC accuses Justin Sun of frequent trips to the U.S. to sell tokens

    The US SEC has amended its lawsuit against Tron founder Sun Yuchen, stating that his frequent travel to multiple locations in the US allows the court to have corresponding jurisdiction. The SEC accuses Sun Yuchen and his company of selling unregistered securities through Tron and BitTorrent (BTT) tokens and engaging in manipulative money laundering transactions. The SEC claims that Sun Yuchen spent more than 380 days in the US from 2017 to 2019, with travel destinations including New York, Boston, and San Francisco. Sun Yuchen argues that the token sales were conducted entirely overseas, avoiding the US market, and therefore the SEC has no jurisdiction over him and the Tron Foundation, which is headquartered in Singapore. (Cointelegraph)

  • Cyvers Alerts: Multiple phishing transactions detected this morning

    Cyvers Alerts reported on X platform that multiple phishing transactions were discovered by the system this morning. The victims have approved the external owned accounts (EOA) of the phishers. We strongly recommend revoking the relevant approvals.