Live Breaking News & Updates on Ome Users Might Lose Trust In The Security Of Platform Quot

SINGAPORE, Nov. 8, 2022 /PRNewswire/ Cobo successfully stopped a hacking attempt on Deribit's assets in Cobo's custody after receiving a withdrawal request from the exchange. On the 2nd of November 2022, at 1:03 am UTC, Cobo's risk control system automatically detected the anomaly in the request and notified Deribit, whereby withdrawals were halted after that. With nearly USD 2 billion worth of crypto stolen by hackers this year in the Web3.0 industry, the security of platforms and protocols is becoming salient. "With the rise in the number of hacks in the decentralized space, it is extremely important for platforms to make their users feel secure. With just a single breach, some users might lose trust in the security of the platform", said Dr Jiang Changhao, CTO and Co-Founder of Cobo. "We will also actively cooperate with Deribit and assist in hacking-related investigations", he added. Cobo is currently working on the hack investigation, per Deribit& ....

Prnewswire Cobo , Jiang Changhao , Asia Pacific , Smart Contract Based Custody , Nov 8 , 022 Prnewswire Cobo Successfully Stoppeda Hacking Attempt On Deribit 39s Assets In Custody After Receivinga Withdrawal Request From The Exchange 2nd Of November 2022 , T 1 03 Am Utc , Obo 39s Risk Control System Automatically Detected The Anomaly In Request And Notified Deribit , Hereby Withdrawals Were Halted After That With Nearly Usd 2 Billion Worth Of Crypto Stolen By Hackers This Year In The Web3 0 Industry , He Security Of Platforms And Protocols Is Becoming Salient Quot With The Rise In Number Hacks Decentralized Space , T Is Extremely Important For Platforms To Make Their Users Feel Secure With Justa Single Breach , Ome Users Might Lose Trust In The Security Of Platform Quot , Aid Dr Jiang Changhao , To And Co Founder Of Cobo Quot We Will Also Actively Cooperate With Deribit Assist In Hacking Related Investigations , E Added Cobo Is Currently Working On The Hack Investigation , Er Deribit 39s Request , N Working Ona Full Incident Review At The Moment To Provide More Details About Vulnerability That Could Have Caused Issue Cobo Is Asia Pacific 39s Largest Digital Asset Custodian And Blockchain Technology Provider , Ased In Singapore Trusted By Over 500 Institutions And Hnwis To Grow Protect Their Crypto Assets , He Company Focuses On Building Scalable Infrastructure And Powering The Web 3 0 Revolution Around World Asa Strong Blockchain Defi Builder , Obo Provides Saas Software Asa Service Products Such As Waas Wallet , Aas Defi Asa Service , Aas Nft Asa Service , Nd Argus The Smart Contract Based Custody About Deribit Is An Answer For Those Searching Fora Professional Grade Cryptocurrency Derivatives Platform Their Goal Was To Create Efficient And Fair Marketplace That Could Connect Traders Of All Backgrounds Trading Styles High Matching Engine Capacity , Low Latency , Advanced Risk Management , Nd High Liquidity ,