In this rapidly evolving cryptocurrency space, security has always been on everyone’s minds. In light of recent events such as the loss of user funds on QuadrigaCX and the hacking incident with Cryptopia, we wanted to take a moment to address some aspects of our security policy and keep you informed.

Legal Security

Our exchange cold wallets are Multi-Sig wallets. A Multi-Sig wallet needs a list of authorized people to agree on an action before that action can happen, the idea being that multiple people cooperatively controlling exchange funds will result in extra security and action in the event of any unforeseen situation.

For example, if there is an unusual transaction happening on the exchange, it would require the signature of several of our staff to ‘sign off’ on that transaction before it can be broadcast on the blockchain.

In addition, legal processes are in place to govern exchange funds should any unforeseen situation occur. This could, for example, be in the form of a legal ‘caretaker’ assuming control and addressing user claims.

Tech Security

Everyone has a part to play in security when dealing with cryptocurrencies, and Exchanges are part of the actors in the stage. You deserve assurance and peace of mind when using an exchange to trade, and Technological Security is one of our obsessions.

Which is why we are proud to announce that we are going through an extensive security audit by Hacken.

Hacken is a giant in the world of cybersecurity, offering their services and products to help companies all over the world fortify their cyber defenses. Besides their security audits, they will also unleash the full might of their white hat hacker community at our platform, which will give us valuable insights and data on how we can further strengthen our exchange.

There are a few other exciting things regarding Hacken that we will keep under wraps for now, so stay tuned for more from them (and us) soon!