UNCLAIMED
1inch Network
Overview
1inch Network, founded in 2020 and based in the Cayman Islands, operates within the software industry, specifically focusing on decentralized finance (DeFi) solutions. The company employs between 51 and 200 individuals and has reported revenue of approximately $30 million. One of its key offerings is the 1inch Shield API, a software-as-a-service (SaaS) solution designed to enhance security within the DeFi space by providing tools and technologies that mitigate risks associated with bad actors. The 1inch Security white paper outlines the company's approach to safeguarding users against illicit activities such as digital asset theft and money laundering, leveraging a combination of Web3 blockchain analytics, Web2 detection services, and optional user account creation. The platform emphasizes user privacy and the importance of maintaining a secure environment for transactions, which occur without intermediaries. Additionally, 1inch is exploring advancements in machine learning to improve its security strategies, including the detection of suspicious on-chain activity and the development of systems to mitigate downtime risks.