Security on the exchange should always be the number 1 priority . Frequent hacker attacks, as we have seen recently, are often successful. And this is a big problem for the safety of users ‘ funds.

Amanpuri Exchange does everything to 100% guarantee the safety of funds. Even if in some unthinkable way hackers can steal something, the exchange will reimburse all losses to users.

Below you can find out part of the exchange ‘s approach to security.

AMANPURI is based on a multi-sig digital signature scheme. Two or more passwords (secret keys) are required for the remittance of VFA from a Wallet Address. One of the effects of this security feature is that, for DLT exchanges, just by using multi-sig, hackers tend to avoid hacking the exchanges.

This security measure make hackers shun hacking such exchange coz they can’t hack it.

Basically, customer assets are kept in a cold wallet which curtails the risks associated with hacking. Furthermore, in regard to withdrawal procedures, we restrict withdrawals to one per day, and randomly decide the time period during which procedures are carried out each time through our own algorithm.

For example, if there were to requests of withdrawals from 100 accounts, they will be processed together. This can act as a countermeasure against hacking.

Also, we are negotiating with a major custodian that is a licensing company of the British FCA in order to manage customer assets separately. We plan to start a trust agreement with our custodian around 2023. When custodians are attacked through things like hacking, the Bank of England compensates them for the damages, so we can indirectly protect customer assets 100% with respect to the separately managed funds.

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