The startup offers a blockchain security solution featuring on-chain multi-factor authentication (MFA) and key-less recovery mechanisms to protect crypto assets from phishing and hacks. Users can regain access to their assets through adaptive security questions without storing personal answers, ensuring that asset movement requires explicit approval.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing prevalence of phishing attacks and hacks targeting cryptocurrency assets necessitates robust security measures to protect users from unauthorized access and loss of funds. Traditional multi-factor authentication (MFA) methods can be complex and may not be fully integrated with on-chain transactions, leaving vulnerabilities for malicious actors to exploit.
Solution
This startup provides a blockchain security solution centered around on-chain multi-factor authentication (MFA) and key-less recovery mechanisms, designed to safeguard crypto assets from unauthorized access. The platform enables users to create secure vaults with an added layer of protection, ensuring that asset movement requires explicit approval. The key-less recovery system allows users to regain access to their assets through adaptive security questions that draw upon personal memories and information, without the need to store sensitive answers directly on the platform. This approach enhances security while maintaining user control over their digital assets.
Target Audience
The primary target audience includes cryptocurrency users, blockchain enthusiasts, and individuals seeking enhanced security measures to protect their digital assets from phishing attacks, hacks, and unauthorized access.
Features
- On-chain multi-factor authentication (MFA) for enhanced security during transactions.
- Key-less recovery mechanism using adaptive security questions based on personal information.
- Asset freezing capabilities to prevent unauthorized movement of funds in case of suspected compromise.
- Approval manager to provide explicit authorization for all asset movements.
- Vaults for secure storage of crypto assets with added protection layers.
- Verified on-chain security protocols for transparency and trust.