Company Information

Get to know Altilly

Altilly was a digital asset trading platform that allowed users to buy, sell, and trade a wide variety of cryptocurrencies. The exchange was known for listing many smaller, emerging altcoins alongside major digital currencies. In December 2020, the platform suffered a catastrophic hack, resulting in the theft of significant user funds across multiple cryptocurrencies. Unable to cover the losses and recover the stolen assets, the company announced its permanent closure and initiated a lengthy, but ultimately incomplete, process to reimburse remaining user balances.

Industry

Crypto ExchangePRIMARY
Technology Software Trading Platform

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Altilly

United States

Founded in

N/A

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.