At Toobit, we view security not as a goal to be achieved, but as a continuous, growing commitment.
Our unblemished track record with zero hacking incidents is not a matter of luck. It's the result of a deliberate, deeply ingrained security philosophy. We call this holistic approach Bee-Safe security.
Beyond the baseline
Adhering to established industry standards is a non-negotiable baseline for security. That's why we pursued and achieved the ISO 27001 certification.
This isn't just a certificate on a wall. For us it's an affirmation of the rigorous processes we uphold to protect user assets from every conceivable threat, both internal and external.
To further elevate our security infrastructure, we've partnered with Cobo, a leader in digital asset custody. This collaboration allows us to integrate advanced wallet custody solutions, including:
- Cold storage: The vast majority of assets are held offline, away from potential online threats.
- Asset segregation: User funds are kept separate, ensuring they are never commingled or used for other purposes.
- Multi-signature technology: Requiring multiple approvals for transactions eliminates single points of failure.
By working with specialists like Cobo, we ensure our security measures remain at the forefront of the industry. Our philosophy, however, is that true security begins where the checklist ends, pushing us to continuously innovate beyond these fundamental requirements.
How we manage and safeguard your assets
Transparency and responsible management are at the heart of our operations. Our wallet system is meticulously designed to balance the need for liquidity with the necessity of long-term protection, using a hybrid hot and cold wallet structure.
Every withdrawal is treated with the seriousness it deserves. All requests are subject to 24-hour monitoring and pass through a strict, multi-step approval process.
Our systems are constantly scanning for anomalies, allowing us to act proactively rather than reactively. This ensures your assets and open positions remain protected around the clock.
Furthermore, we believe that trust requires proof. Our Proof of Reserves (PoR) offers complete transparency, providing verifiable evidence that all user assets on our platform are fully backed and accounted for.
The components of our security
A single wall is not enough. True security is built in layers, with each component reinforcing the others. Our comprehensive approach includes:
Multi-Party Computation (MPC) wallets
This technology distributes the responsibility for transaction signing across multiple, independent nodes. By removing any single point of failure, MPC wallets provide a mathematically secure environment for user funds.
Continuous auditing and monitoring
Our security protocols are not static. We conduct regular audits and stress tests on our systems to identify and fortify against potential vulnerabilities before they can be exploited.
A network of expertise
We understand the value of collaboration. We work with a network of premier security partners, including Hacken and other top-tier blockchain security firms, in addition to Cobo.
This network allows us to integrate the latest custodial technologies, from multi-layer encryption to advanced cold storage solutions, creating a security ecosystem that is greater than the sum of its parts.
Our mission is clear: to anticipate and prevent threats, not just respond to them.
Through a comprehensive security infrastructure, a commitment to continuous improvement, and a focus on protecting what’s yours, we strive to be a platform where you can engage with the digital asset market with confidence and peace of mind.
