Since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that’s about one out of every four dollars reported lost. One of the most prominent recent examples is of course Wormhole which lost its users’ $320 million worth of tokens after a cyber attack.
Ahead of its official launch later this month, XBO.com crypto exchange partners with cybersecurity network Fireblocks to provide secure custody of digital assets for investors on its platform.
Through the partnership with Fireblocks, XBO.com leverages secure solutions with multi-layer technology that combines MPC cryptography with hardware insolation. The platform now supports settling assets 24/7, using a unique institutional asset transfer network. Users can enjoy peace of mind with an insurance policy, SOC 2 Type II security process, and regular penetration testing done by simulating cybersecurity attacks from ComSec and NCC group.
Lior Aizik, COO of XBO, said:
“We at XBO are relentless in our pursuit of investor security and compliance with the different regulations and AML policies. Our partnership with Fireblocks provides us with a significant edge in our ability to provide top security services aligned with market-top technology solutions to monitor and ensure protection and insurance of investors funds, enforcement of compliance guidelines and regulatory requirements.”
Last month XBO.com launched a unique campaign to select its brand ambassador. Instead of hiring the ‘average’ influencer or celeb, XBO.com is looking to make a Bored Ape NFT their Brand Ambassador. Unlike other projects who have purchased apes as mascots, XBO’s approach is to benefit the owners. Through the unique audition phase, (BAYC) NFT owners will have the opportunity to lease their asset’s IP. XBO.com will brand the winner’s NFT as the official mascot of XBO.com.
XBO is a cryptocurrency exchange platform created to accommodate every type of crypto investor. The platform provides a secure environment for trading, with cutting-edge verification measures created to speed up the loading process, as well as the ability to tailor visuals with either a simple display for novice traders or a detailed view for the more experienced. The exclusive reward system ensures traders receive compensation for active engagement, as well as the possibility to profit from different trading styles.
Read Also: XBO Crypto Exchange Offering Special Privileges To Early Registrants Ahead Of Its Launch
