Company Information

Get to know Slope Finance

Slope Finance launched as a mobile-first, non-custodial wallet and web app for the Solana ecosystem, aiming to provide users with a comprehensive and user-friendly gateway to Solana's DeFi, NFT, and DApp landscape. Its features included storing/sending SPL tokens, an in-app browser for DApps, an NFT marketplace, and cross-chain swap functionalities. However, in August 2022, the Slope wallet suffered a catastrophic security breach where thousands of users' private keys were compromised, leading to the theft of millions of dollars in assets. Investigations by Solana auditors and security firms suggested that Slope's centralized servers had been logging user private keys in plaintext, which were then exposed. Since the incident, the project's public communications and development have largely ceased.

Industry

Crypto CryptocurrencyPRIMARY
Crypto Exchange

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Slope Finance

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

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This company is currently Unproved.

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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.