We build for the future of finance, but we also live in the present. And right now, the present is telling a particularly grim story about crypto security.
The numbers are startling, even for a market prone to shockwaves: crypto losses soared to $2.17 billion by mid-2025, easily exceeding the previous year's total.
But the real insight is the shift in how these attacks are happening.
The attack vector is evolving
For a while, the industry could focus heavily on smart contract flaws. Now, the threat has moved up the stack. It’s about exploiting operational and procedural failures.
Think of it as social engineering, key management lapses, or weak API governance. The bad actors are targeting the human and hardware layers that connect everything.
This reality makes a single security measure, or relying on a single audit, a point of failure. You can’t build a fortress with one wall.
Our answer: Multi-auditor defense-in-depth
That’s why we’re reinforcing our multi-auditor strategy by partnering with SlowMist, one of the world-leading Web3 security firms.
This isn’t our first rodeo. We recently completed successful penetration tests with the premier auditors at Hacken, thoroughly stress-testing our systems. The logical next step in our defense-in-depth approach is to bring in a new perspective.
SlowMist is now conducting a comprehensive audit of Toobit’s entire infrastructure. That means:
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It’s a full-stack review: It examines all facets of our operation, from the user-facing web platform to our APIs.
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It’s a verification layer: By bringing in a second, highly-reputable firm, we get a fresh set of expert eyes on every layer of the platform, ensuring our protective shield is truly multi-layered and verifiable.
The final report from SlowMist will deliver us a blueprint of actionable insights to further harden our systems against the next generation of threats.
Our traders deserve maximum fund security and an uninterrupted trading environment. For us, maintaining that trust means being obsessively verifiable. This continuous, rigorous external scrutiny is the only shield worthy of your assets.
We look forward to sharing more insights from the audit process soon.
