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CoinGecko Joins AMLT Network to Combat Exchange Fraud, Scams, Hacks

Published 08/16/2019, 04:55 PM
Updated 08/16/2019, 05:01 PM
CoinGecko Joins AMLT Network to Combat Exchange Fraud, Scams, Hacks

Crypto market aggregator CoinGecko has joined the network of blockchain analytics and anti-money laundering (AML) company Coinfirm. This partnership will reportedly allow CoinGecko to improve its exchange Trust Score algorithm, as well as provide users with a means to report scams and hacks.

The companies shared a press release with Cointelegraph on Aug. 16. According to documentation from Coinfirm, the company runs the AMLT network that allows members to report cryptocurrency addresses tied to hacks, ransomware, scams and fraud. Coinfirm then blocks these users and funds across the AMLT network. In return for supplying good information, Coinfirm rewards its members with the AMLT token, which can be used to purchase goods and services from Coinfirm such as risk reports.

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