No Easy Steal: Russia Develops Low-Code Platform to Protect Crypto Transactions
A platform developed in Russia helps protect crypto wallets from theft. Companies can set up a simple rule without relying on programmers: for example, if someone tries to withdraw an unusually large amount from a wallet, the transaction is automatically blocked.*
Georgy Danilov, a graduate of the Moscow Institute of Physics and Technology (MIPT), has introduced a low-code platform for protecting blockchain transactions. Using a visual builder, companies can define their own rules for detecting suspicious activity and automatically responding to it. The system, for example, can detect an unusually large withdrawal from a corporate wallet and temporarily suspend the transaction.
For companies dealing with digital assets, transaction monitoring is a critical part of operations. Funds on a blockchain can move within seconds, leaving little time for a person to spot a suspicious transaction and make a decision. The cost of a mistake is particularly high for crypto exchanges, brokers, digital-asset treasuries and other organizations that handle large amounts of money every day.
How Crypto Is Protected
Automating this kind of monitoring typically requires developers. If a business needs a new rule, such as tracking transfers above a certain amount or responding to an unusual sequence of transactions, its technical team has to write code, configure the integration, test it and deploy an update. As a result, even a small change can take weeks.
At MIPT, the idea was to put more of this process directly into the hands of business users. Danilov created a platform with a visual builder that lets users assemble response scenarios from ready-made blocks. There is no need to write code. Instead, users define conditions much as they would assemble an algorithm from building blocks. If more than a specified limit is withdrawn from a corporate wallet within a few seconds, the transaction is stopped and employees are notified.
Test First, Then Stop
For businesses, the benefits are clear: less dependence on technical teams, fewer opportunities for human error and more reliable protection for their funds. Employees responsible for treasury operations, security or transaction monitoring would no longer have to turn every new requirement into a separate project for programmers. Developers, meanwhile, could focus on other tasks that help the company grow.
A key part of the platform is its sandbox, an isolated environment where users can test how a new rule will behave without putting real funds at risk. A scenario can be run against simulated transactions to see exactly when it is triggered and correct any errors. Once testing is complete, the scenario can be moved into production.
That approach is particularly important for financial transactions. Automated protection needs to detect threats quickly without interfering with a company's normal operations. The platform therefore includes address allowlists and transaction amount limits, which help reduce the risk of legitimate transfers being blocked.
Acting Before It Is Too Late
The platform is primarily designed for EVM-compatible blockchains, though other networks can also be connected. Events from different blockchains are normalized into a common internal format, so rules do not have to be completely rewritten for each network.
The system monitors different types of activity, including token transfers, smart-contract calls, balance changes, liquidity-pool transactions, swaps, staking, lending and liquidations.
The developers have focused not only on transactions themselves but also on their lifecycle. The platform can even monitor a transaction while it is still pending, before it has been included in a block. In other words, the system can act preemptively, allowing companies to respond to threats before a transaction is permanently recorded on the blockchain.
From the Cloud to On-Premises Deployment
The platform could evolve into several deployment models. Smaller companies could use a cloud-based version, while banks, exchanges, custodians and large corporate customers could opt for dedicated or on-premises deployments.
The developers plan to add support for more blockchain networks, integrations with wallets, multiparty computation (MPC) systems and custody platforms, while also expanding the capabilities of the visual builder.
The platform also has export potential. Its core task – monitoring transactions, detecting suspicious activity and automatically executing predefined rules – is relevant to companies in other countries as well. Blockchain networks operate globally, meaning businesses around the world could use a tool like this.
