2018-6-26 06:45 |
A Singapore-based IT security company offers a potential blockchain-based solution to help protect individual crypto users and block the use of stolen cryptocurrencies on crypto wallets and exchanges.
Sentinel Protocol allows security experts and organizations to collect, share and analyse comprehensive threat intelligence data on its blockchain platform.
As previously reported by Cointelegraph, hackers have recently stolen $30 million worth of cryptocurrencies from Bithumb, South Korea’s leading cryptocurrency exchange.
Any address or sub-address associated with attackers could be automatically identified and flagged, helping exchanges and wallets block the movement of stolen cryptocurrencies.
According to Sentinel Protocol, the more exchanges, wallets and payment services join the partner alliance, the more difficult it would be to spend stolen cryptocurrencies.