What are the security measures taken by Liquid and FTX to protect user funds?

3 answers

• Nov 25, 2021 · 3 years ago
  Liquid and FTX prioritize the security of user funds by implementing a combination of technical and operational measures. These include cold storage for the majority of funds, multi-signature wallets, two-factor authentication (2FA), and regular security audits. Additionally, both exchanges have robust internal controls and employ experienced security teams to monitor and respond to potential threats. Overall, Liquid and FTX are committed to maintaining a secure trading environment for their users.
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• Nov 25, 2021 · 3 years ago
  To protect user funds, Liquid and FTX employ industry-standard security practices. These include storing the majority of funds in offline cold storage, using multi-signature wallets to prevent unauthorized access, and implementing two-factor authentication (2FA) for user accounts. Regular security audits are also conducted to identify and address any vulnerabilities. With these measures in place, Liquid and FTX strive to provide a secure platform for users to trade and store their digital assets.
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• Nov 25, 2021 · 3 years ago
  As an expert in the field, I can assure you that Liquid and FTX take the security of user funds seriously. Both exchanges utilize cold storage solutions to store the majority of funds offline, minimizing the risk of hacking. Additionally, multi-signature wallets and two-factor authentication (2FA) are employed to add an extra layer of protection. Regular security audits are conducted to identify and address any potential vulnerabilities. Rest assured, your funds are in safe hands when trading on Liquid and FTX.
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