Blackmoon Crypto

2020: Closing of service

In April, 2020 the Blackmoon Crypto cryptoexchange which was going to start sale of tokens of Gram was closed. Blackmoon Crypto was registered on the Cayman Islands. In 2017 it attracted $30 million.

2017: Involvement of Group-IB for protection of service

Blackmoon Financial Group founded by Oleg Seydak (the co-founder of Flint Capital) and Ilya Perekopsky (the former vice president of VKontakte) signed in September, 2017 the agreement on cooperation with the Group-IB company specializing in solutions for early identification of cyberthreats.

Group-IB will help projects of Blackmoon with risk management, connected with information security. The company participates to work with the Blackmoon Crypto project – the platform for tokenization of investment funds. The program of consultation includes complex audit of security of technology infrastructure of the project, recommendation about correction the politician and the practician of cybersecurity, connection of solutions of Group-IB for control of security perimeters and also investigation of incidents. Assessment of observance of recommendations and readiness of the project for new types of the attacks will be provided by regular external testings for penetration (Red Teaming) according to scenarios of the real attacks relevant for the industry.

Blockchain technology gave an opportunity to carry out transactions it is most transparent and it is safe. Public sale of tokens ICO (or) as the modern alternative to crowd funding which is carried out on blockchain technology gives a set of perspectives for market development of startups and start of new projects. So, in 2017 by means of ICO more than 1.7 billion dollars USA^[1] were already attracted].

But there is also a reverse of the medal: because of anonymity of the made transactions of cyber attack to ICO lately assumed very wide scale. So, according to^[2], hackers managed to steal 10% of all means invested in ICO projects in 2017 in Ethereum. The general damage in a dollar equivalent was $225 million, 30,000 investors lost on average in $7500. Among ICO which underwent the attacks of cybercriminals: The DAO (loss of a third of means of collected $150 million because of vulnerability in software), CoinDash (the cracking of the website which entailed theft of 7 million US dollars) and other loud attacks. According to experts, losses could be avoided if complex measures for protection of systems were taken.

"Public sale of tokens is a serious step for the serious project. Infrastructure should be most protected using the most modern solutions on security, on a game – funds from investors, supported the initiative. Starting Blackmoon Crypto we adhered to the basic principles: compliance to regulatory requirements, transparency and also maximum security of all systems. Our approach includes ensuring fault tolerance of servers, storage of backup copies and the plan of disaster recovery and also use of multi-signature and cold purses, the protected storage of private keys. Support of our infrastructure of security solutions of Group-IB, the recognized world leader in the field of protection against cyber attacks, does our systems steadier and allows us to ensure better safety of means and also to confirm the serious intentions in the organization of sales process of tokens", - Oleg Seydak, CEO Blackmoon Crypto commented.

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