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Bitfinex publishes security overview, highlights 99.5% of assets in offline cold storage
Bitfinex published an overview of its security framework, stating that 99.5% of customer assets are held in offline, multi-signature cold storage, and outlining additional platform and user-level protections against unauthorized access and threats.
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Bitfinex published a detailed overview of its security framework, stating that about 99.5% of customer assets are stored in offline, multi-signature cold storage wallets. The announcement provided specifics on its layered security infrastructure, including the use of Hardware Security Modules for transaction approvals, separation of hot and cold wallet operations, hardware authentication, encrypted communications, and real-time threat detection. The disclosure also outlined DDoS protection measures, ongoing penetration testing, regular security audits, and user-level safeguards such as mandatory two-factor authentication and withdrawal address locks. No promotional offers or specific campaign details were included in the announcement.
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Bitfinex is a cryptocurrency exchange that offers trading in a wide range of digital assets and fiat currency pairs, with margin trading available and leverage up to 1:10 (or up to 1:100 for derivatives). The platform features a proprietary trading terminal with a customizable interface, mobile application, support for scalable and custom orders, demo accounts, and options for bank card deposits and withdrawals. For further details on trading terms, available assets, and user experience, view the full review on Traders Union.
In the previous Bitfinex update, we reported on the introduction of zero trading fees for opening and closing margin positions, providing traders with more cost-effective trading opportunities. You can learn more in the previous Bitfinex update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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