We have a simple philosophy: you shouldn’t have to worry about the security of your exchange more than you worry about your actual trades. Unfortunately, in the crypto space, that’s often not the case.
With a record-breaking $2.17 billion already stolen from crypto services this year largely due to private key compromises, it's clear that something is fundamentally broken in the way assets are stored. The industry has been playing fast and loose with your money for too long.
We’re putting an end to that.
Bringing the firewall to the frontline
Today, we're excited to announce that we’ve integrated with Fireblocks, the leading name in institutional digital asset security, to deploy their cutting-edge Multi-Party Computation (MPC) technology across our core custody environment.
Here’s the TLDR on why this matters to you:
1.Goodbye, single point of failure: The whole concept of a single, highly-guarded private key is a honey pot for hackers. Fireblocks' MPC protocol shatters that key into multiple, independent, encrypted shares. These shares are distributed and never come together in one place.
This means no single server, no single employee, and certainly no single hacker can compromise the whole thing. It’s a distributed defense against centralized attack.
2.Institutional security for everyone: We aren't reserving the best defenses for our biggest clients. This is the exact same cryptographic control trusted by major banks, asset managers, and trading desks, now protecting every single deposit on Toobit. Your capital is now safeguarded by the world’s most advanced cryptographic controls.
3.Faster, smoother trading: Enhanced security shouldn't mean slower transactions. Because Fireblocks' protocol is engineered for speed and resilience, this upgrade translates directly into faster, more reliable processing for your deposits and withdrawals. When every second counts in a volatile market, we’ve just given you a critical operational edge.
The crypto security problem is solved with math
If we've learned anything in the last few years, it’s that a well-meaning "security framework" is only as good as its weakest link. Too many exchanges have relied on traditional security methods: big vault, big perimeter, one single key. When an internal threat emerges (or a sophisticated external one), the whole system collapses.
This is the next logical step in our long-term commitment to asset protection, building on our earlier efforts with institutional MPC solutions. For us, security is a journey, not a feature we check off a list.
In a year where the number being stolen is terrifyingly high, we’ve invested heavily to take ourselves off the casualty list and firmly plant ourselves among the most secure exchanges in the world.
Trade without worries. We’ve got the heavy lifting covered.
