SlowMist and OKX Announce Strategic Alliance for Advanced Security Solutions

SlowMist
4 min readApr 27, 2023

SlowMist and OKX have recently announced a strategic partnership to focus on enhancing digital asset ecosystem security, digital asset anti-money laundering (AML), and conducting cutting-edge security technology research. Both parties will collaborate to develop comprehensive and innovative security services to address the growing demand for secure digital asset management.

As a premier blockchain security company, SlowMist has not only been involved in resolving multiple security incidents with its technical expertise but also developed and open-sourced a range of security solutions. OKX, the world’s second-largest cryptocurrency exchange platform and a leading Web3 ecosystem player, is acclaimed for offering the fastest and most reliable cryptocurrency trading applications to over 50 million global users. The collaboration between SlowMist and OKX will result in deep integration solutions for blockchain ecosystem security, continually setting industry security standards and contributing to the safe and progressive development of the entire sector.

Collaboration

  1. Digital Asset Ecosystem Security

Leveraging years of extensive expertise in blockchain ecosystem security, SlowMist has amassed a diverse range of security solutions, including security audits, threat intelligence (BTI), defense deployment, cryptocurrency anti-money laundering (AML), cryptocurrency tracking (MistTrack), false deposit vulnerability scanning, vulnerability monitoring (Vulpush), hacked archives (SlowMist Hacked), and smart contract firewalls (FireWall.X). These solutions are delivered as SaaS security products.

In this strategic partnership, SlowMist will provide OKX with an “integrated security solution tailored to threat discovery and defense,” offering continuous and comprehensive security protection for OKX’s various operations while jointly exploring additional comprehensive security standards and solutions. With extensive influence through numerous vulnerability discoveries and analyses, SlowMist’s security audits are more in-depth and detailed than other penetration testing services. These audits will help identify potential vulnerabilities and provide OKX with solutions, recommendations, and best security practices to prevent future security risks. Additionally, security audits will provide a more comprehensive basis for building OKX’s corporate security system. SlowMist’s security services have covered hundreds of top industry platforms, including centralized and decentralized platforms. Meanwhile, the SlowMist team has audited over 1,500 well-known smart contracts covering Ethereum, EVM-based, EOS, Fabric, Solana, Klaytn, and Aptos public chain platforms. In these audits, we have discovered hundreds of high-risk and medium-risk vulnerabilities. We believe that SlowMist’s extensive experience and continuous exploration will help OKX enhance its security and stability more effectively.

2. Digital Asset Anti-Money Laundering

In order to bolster defenses against cyber attacks and safeguard users’ digital assets, SlowMist will provide AML/CFT compliance solutions via two key products: MistTrack for on-chain tracking and our malicious address database. MistTrack (https://misttrack.io) emphasizes “Address Labeling,” “Monitoring Associated Addresses,” “Hacker Profiling,” and “Investigation Freezing.” By integrating multi-dimensional malicious address data and comprehensive address label data, it enables a timely and effective detection of on-chain assets (KYT) for OKX, thereby thwarting on-chain money laundering activities. Presently, MistTrack supports eight blockchain networks — Bitcoin, Ethereum, Binance Smart Chain, Avalanche, Tron, Polygon, IoTeX, and Arbitrum, having served over 90 clients and recovered in excess of $1 billion in assets. Additionally, the malicious address database employs open-source data, blockchain honeypots, artificial intelligence, and information contributed by clients and partners to generate reliable, real-time anti-money laundering data. This includes information pertaining to ransomware, cryptocurrency theft, Ponzi schemes, phishing scams, dark web markets, and sanctioned entities. Tailored to OKX’s specific needs, this solution can be applied to various contexts such as trading platforms, wallets, or other asset management platforms. By effectively blocking money laundering activities during asset transfers, it assists OKX in verifying asset sources, combating fraud, and ensuring asset security and compliance.

3. Cutting-Edge Security Technology Research

As global blockchain security regulations continue to evolve, they not only generate substantial security and compliance requirements but also create new opportunities for the advancement of blockchain security technology. As a trailblazer in the blockchain security domain, SlowMist consistently concentrates on security technology innovation and market developments within the blockchain arena. Throughout this collaboration, SlowMist will capitalize on its profound understanding of diverse sectors and OKX’s distinctive insights as a top-tier trading platform to jointly investigate and uncover deeply integrated solutions for blockchain ecosystem security. By doing so, they will achieve mutual business success, broaden market opportunities, and reinvigorate the blockchain industry with a renewed sense of prosperity.

About OKX

OKX is the world’s second-largest cryptocurrency exchange platform and a leading Web3 ecosystem, providing fast and reliable cryptocurrency trading applications to over 50 million global users. OKX aims to integrate blockchain and digital assets into the lives of billions of users worldwide, while striving for the well-being of its employees.

Website:https://www.okx.com
Twitter:https://twitter.com/okx

About SlowMist

Established in January 2018, SlowMist is a company specializing in blockchain ecosystem security. Founded by a team with over a decade of frontline experience in network security, SlowMist has developed world-class security projects, making it an internationally renowned blockchain security company. SlowMist primarily serves numerous leading and well-known projects globally with its “customized, end-to-end security solutions from threat detection to defense.” The company has collaborated with over a thousand commercial clients across major countries and regions worldwide.

SlowMist partners with top international security companies and well-known domestic and international cryptocurrency projects to provide tailored, integrated security solutions from threat detection to defense. The company has independently discovered and published numerous high-risk, universal blockchain security vulnerabilities within the industry, gaining widespread attention and recognition. SlowMist’s mission is to contribute to the development of a safer and more secure blockchain ecosystem.

Website:https://www.slowmist.com/
Twitter:https://twitter.com/SlowMist_Team
GitHub:https://github.com/slowmist/

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SlowMist

SlowMist is a Blockchain security firm established in 2018, providing services such as security audits, security consultants, red teaming, and more.