What measures is Fireblocks taking to maintain its status as a trusted cryptocurrency custody solution?

3 answers

• Nov 30, 2021 · 3 years ago
  Fireblocks is taking several measures to maintain its status as a trusted cryptocurrency custody solution. Firstly, they have implemented a multi-layered security system that includes advanced encryption, secure key management, and hardware security modules. This ensures that the private keys used to access the cryptocurrencies are securely stored and protected. Additionally, Fireblocks has partnered with reputable third-party auditors to conduct regular security audits and assessments. They also have strict internal controls and procedures in place to prevent unauthorized access and ensure the safety of the assets. Overall, Fireblocks is committed to maintaining the highest standards of security and trust in the cryptocurrency custody space.
  752376
• Nov 30, 2021 · 3 years ago
  To maintain its position as a trusted cryptocurrency custody solution, Fireblocks has implemented a robust compliance program. They adhere to strict regulatory standards and work closely with regulatory authorities to ensure compliance with applicable laws and regulations. This includes implementing know-your-customer (KYC) procedures, anti-money laundering (AML) measures, and transaction monitoring systems. Fireblocks also conducts regular risk assessments and due diligence on its clients to mitigate potential risks. By prioritizing compliance and regulatory requirements, Fireblocks aims to provide a secure and trusted environment for cryptocurrency custody.
  667223
• Nov 30, 2021 · 3 years ago
  As a trusted cryptocurrency custody solution, Fireblocks understands the importance of transparency. They provide real-time monitoring and reporting tools that allow clients to track their assets and transactions. Fireblocks also offers comprehensive insurance coverage to protect against potential losses due to theft, hacking, or other security breaches. This insurance coverage provides an added layer of protection and reassurance for clients. Additionally, Fireblocks has a dedicated customer support team that is available 24/7 to assist clients with any inquiries or issues they may have. By prioritizing transparency and providing comprehensive support, Fireblocks aims to maintain its status as a trusted cryptocurrency custody solution.
  746187