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PARSIQ Launches TRACKR to Provide Real-Time Wallet Hack and Fund Transfer Alerts

Place/Date: Tallinn, Estonia - November 1st, 2021 at 2:00 pm UTC · 3 min read
Contact: Francis Foster, Communications Lead, Source: PARSIQ

PARSIQ’s TRACKR service alerts are a much-needed addition to the cryptocurrency space. Not only will this new service alert users of hacking attempts and unauthorized wallet transactions, but it also provides ways to take countermeasures. Protecting funds and ensuring any vulnerability is nipped in the bud early on is crucial. One must prevent hackers from stealing funds at all costs.

Users can receive updates regarding any suspicious outgoing transactions through TRACKR, even if the network does not confirm it. In real-time, the solution works across Bitcoin, Ethereum, Binance Smart Chain, Dash, Algorand, Huobi Eco Chain, Celo, Solana, and Polkadot. Additionally, there’s an option to explore webhooks and API access.

PARSIQ is renowned for its on-chain data monitoring in the cryptocurrency and blockchain space. TRACKR will be a viable tool for companies and users alike. Receiving an alert regarding wallet hacks, vulnerabilities, and unauthorized access can provide a recourse for the affected party to prevent loss of funds.

TRACKR consists of two crucial pillars:

  • Proactive monitoring: real-time user wallet monitoring and immediate notifications if unauthorized activity occurs. Users can customize which channels to monitor for such access, including Telegram.
  • Retroactive tracking: if a hack and transfer of funds were successful, users can monitor and record the following activity across wallets until they arrive in a centralized exchange wallet.

PARSIQ CEO Tom Tirman comments on TRACKR’s launch:

“Security is a cornerstone of PARSIQ’s expertise. We’ve consulted for companies affected by security breaches and hacks across CoinMetro and KuCoin. TRACKR combines our security experience with PARSIQ’s smart trigger functionality providing our clients and users with security monitoring services in real time at a scale previously unseen in the space.  The team is ready to help build bespoke monitoring solutions. The entire installation process will take less than an hour. TRACKR is ready to be customized to the requirements of our clients, no matter the scale.”

To start using TRACKR, users can submit an email address on the website. A team member will reach out to discuss the user’s needs and offer a custom-tailored solution.

About PARSIQ

PARSIQ is a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time, providing transaction notifications for end-users. With PARSIQ you can connect blockchain activity to off-chain apps and devices, monitor and secure DeFi applications, and build custom event triggers and power real-time automation.

PARSIQ has signed collaboration agreements with top-tier partners globally. In September 2019, Algorand, another startup blockchain monitoring system, enhanced its analytical capabilities by adding PARSIQ to its platform.

By June 2020, PARSIQ and Dash, a leading provider of end-to-end cryptocurrency payment services, formed an alliance to allow real-time Dash transaction notifications via PARSIQ’s Smart Triggers. Three months later, the firm cooperated with Bitfury Crystal and integrated its transaction risk scoring capabilities into the PARSIQ system to power their AML and KYT processes. In November 2020, PARSIQ and AllianceBlock announced a new partnership with a focus on data sharing in both DeFi and TradFi.

In 2021, PARSIQ entered into another string of alliances, including SuperFarm, Injective, PAID Network, Polkadot and ChainLink. The latter, to allow integration of its oracle price, feeds into PARSIQ’s monitoring and automation platform.

PARSIQ (PRQ) has been listed on the OKEx exchange since January 2021 and the KuCoin Exchange since May 2021.

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