According to a report by Verichains, over $8 billion worth of digital assets could be at risk following a recently discovered vulnerability in multi-party…
Web3 security firm Numen Cyber and custody platform Cobo will also seek cooperation on MPC custody, Web3 security and on-chain security services SINGAPORE, March 6, 2023 /PRNewswire/ Numen Cyber, a leading Web3 security company, announced a businesspartnership with Cobo, a leading global digital asset custody solutions provider, to provide disaster recovery services, and to seek other levels of cooperation on MPC custody, Web3 security services, and on-chain tracking analysis research. The collaboration between Numen Cyber and Cobo aims to advance MPC clients' security and accelerate its growth, providing themwith enhanced protection of their digital assets.Numen Cyber will also leverage its expertise in Web3 security services and on-chain tracking analysis research to develop new solutions that will further enhance the security experience of Cobo's MPC clients. Changhao Jiang, Co-Founder and CTO of Cobo, said: "As a leader in digital asset custody, Cobo is committed to p
Web3 security firm Numen Cyber and custody platform Cobo will also seek cooperation on MPC custody, Web3 security and on-chain security services SINGAPORE, March 6, 2023 /PRNewswire/ Numen Cyber, a leading Web3 security company, announced a businesspartnership with Cobo, a leading global digital asset custody solutions provider, to provide disaster recovery services, and to seek other levels of cooperation on MPC custody, Web3 security services, and on-chain tracking analysis research. The collaboration between Numen Cyber and Cobo aims to advance MPC clients' security and accelerate its growth, providing themwith enhanced protection of their digital assets.Numen Cyber will also leverage its expertise in Web3 security services and on-chain tracking analysis research to develop new solutions that will further enhance the security experience of Cobo's MPC clients. Changhao Jiang, Co-Founder and CTO of Cobo, said: "As a leader in digital asset custody, Cobo is committed to p
The partnership enables BitMart's institutional clients to trade on its exchange while maintaining full control of their funds using cutting-edge MPC-based co-managed custody. SINGAPORE, Feb. 9, 2023 /PRNewswire/ Cobo announced today that BitMart, the premium global digital asset trading platform, will be joining Cobo's SuperLoop, an off-exchange custodian and settlement network, ahead of its official launch. This partnership will enable BitMart's institutional clients to trade on its exchange while maintaining full control of their funds using cutting-edge MPC-based co-managed custody. SuperLoop, an off-exchange custodian and settlement network, enables the separation of trading from clearing, settlement and custody, in line with TradFi standards. SuperLoop mitigates counterparty risk and ensures the safety of clients' assets by allowing asset managers to trade directly on exchanges while maintaining their assets off-exchange under Cobo's secure custody. Cobo'
The network uses components such as an internal Threshold Signature Scheme for each data feed and price aggregation using an algorithm, which, according to Binance, ensures reliability.