Transparency & Security at Flipster: Our Commitment to Asset Protection

Industry
Transparency & Security at Flipster: Our Commitment to Asset Protection

Recent security incidents in the industry highlight the urgent need for robust asset protection. At Flipster, we take a proactive approach to security while also supporting broader industry efforts. We have blocked deposits from all address data linked to the hack, leveraging Chainalysis, and are continually working on advocating for stronger safeguards across the sector.

A Multi-Layered Security Approach

We implement a proactive, multi-layered security framework that combines cutting-edge technology with rigorous oversight to safeguard user funds:

  • MPC (Multi-Party Computation) Technology & Cold Storage Custody: Flipster leverages Fireblocks’ industry-leading security infrastructure to enhance cold wallet management and asset security. By implementing Fireblocks’ MPC technology, we eliminate single points of failure, introduce multi-signature protocols, and ensure a high standard of security. Importantly, no Flipster funds are stored on external exchanges, ensuring platform independence and security.

  • Enterprise-Grade Encryption & Real-Time Threat Detection: Advanced encryption protocols and automated threat monitoring allow us to identify and prevent unauthorized access in real time.

  • ISO/IEC 27001 Certification: As a certified platform, we uphold globally recognized security standards to ensure comprehensive data protection and risk mitigation.

  • Rigorous Penetration Testing & Continuous Security Audits: We conduct frequent security assessments to preemptively address vulnerabilities and strengthen our defense mechanisms.

Ensuring Trust Through Transparency and Protection

Trust is built on transparency and strong security foundations. Flipster upholds a 1:1 asset protection model, ensuring that all assets on our platform are fully backed at all times. By continuously investing in industry-leading safeguards and collaborating on security initiatives, we provide a secure and resilient trading environment, ensuring users can trade with confidence, knowing their assets are protected against emerging risks.