What to do about risk control on Eureka Exchange

European exchange adopts the following risk control measures to protect user assets and transaction security: collecting derivatives transaction risk reserves to provide a buffer for increased volatility. Enforce strict AML/CFT regulations to prevent illicit capital inflows and outflows. Separate storage of user assets and exchange funds ensures the safety of user funds even if a security incident occurs. Use cold wallet and multi-signature technology to store cryptocurrency assets for enhanced security. Conduct regular independent security audits to identify and address potential vulnerabilities. Require users to authenticate through multiple methods to prevent unauthorized access. Deploy advanced fraud detection algorithms to identify and block suspicious activity. 8

European exchange risk control measures

European exchange adopts a variety of risk control measures to protect user assets and transaction security, including:

1. Risk reserve

OYI charges a risk reserve on all derivatives transactions as a buffer when volatility increases. This helps reduce the overall risk of the platform and provides users with additional protection.

2. Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT)

Ouyi follows strict AML/CFT regulations to prevent illegal funds from flowing in and out of the platform. This includes implementing customer due diligence (KYC) procedures, monitoring trading practices and cooperating with law enforcement agencies.

3. Asset isolation

Oyi stores users’ assets and exchange operating funds separately. This ensures that even if the exchange is affected by a hack or other security incident, user funds will not be affected.

4. Secure Storage

Oyi uses cold wallet and multi-signature technology to store users’ cryptocurrency assets. Cold wallets are stored in offline devices, while multi-signatures require multiple keys to access funds, increasing security.

5. Continuous Security Audits

OUYI regularly cooperates with independent security audit agencies to review its security systems and procedures. This helps identify and address potential vulnerabilities and improves the platform's resilience.

6. User Authentication

Oyi requires users to authenticate through multiple methods, including email confirmation, SMS verification code and two-factor authentication (2FA). This helps prevent unauthorized access and protect user accounts.

7. Anti-Fraud Detection

Oyi uses advanced fraud detection algorithms to identify and block suspicious activities. This helps prevent fraudulent transactions and theft, providing users with a safer trading environment.

8. Customer Support

Oyi provides 24/7 customer support to assist users with any questions or concerns.

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