Geneva, Switzerland

The rapid expansion of decentralized technologies has spurred significant innovation, it is becoming clear that every institution will soon need a blockchain security strategy to protect their operations.

For all users, even those who are new to the world of cryptocurrency and those who have owned them for a while, understanding the security of digital currencies on cryptocurrency exchanges is crucial.

As blockchain technology continues to revolutionize various industries, the importance of robust security measures cannot be overstated. Blockchain security involves applying cybersecurity principles, tools, and best practices to reduce risks and prevent malicious attacks and unauthorized access within blockchain networks.

Blockchain’s decentralized nature offers numerous advantages, including transparency, immutability, and resilience against certain types of attacks. In this context, partnerships in blockchain security play a critical role in enhancing the overall security posture of blockchain networks and applications.

Global Ledger, an expert in blockchain compliance solutions, is thrilled to announce a partnership with WhiteBIT, a leading cryptocurrency exchange in Europe, that has garnered a reputation for its stringent security measures, providing users with a robust and secure trading environment. 

This collaboration aims to enhance industry standards for crypto exchange security and compliance. Adhering to the highest regulatory standards will ensure a trustworthy, compliant environment for all market players.

Global Ledger is a blockchain forensics company that helps government agencies, banks, fintech firms, and crypto startups meet AML regulations for digital assets. The solutions ensure these organizations stay compliant and secure in their crypto operations.

“We are excited to partner with WhiteBIT, one of the largest crypto exchanges in Europe. By sharing our expertise in crypto compliance, we aim to help our partner deliver a safer and more transparent trading environment,” said Lex Fisun, CEO at Global Ledger.

The WhiteBIT and Global Ledger partnership helps to trace the cryptocurrency assets in the act of cyberattacks, identifying money laundering methods and fraud actors in order to block or return the stolen funds. Automated risk assessment, analytics on cryptocurrency transactions and suspicious activity detections automatically provided by the Global Ledger company.

“The partnership will enhance our investigative capabilities and support us in conducting thorough investigations, ensuring our users benefit from the highest security and transparency standards,” said Volodymyr Nosov, WhiteBIT СЕО.

Security is paramount for the operations of WhiteBIT exchange, underpinning its commitment to safeguarding user assets and ensuring a trustworthy trading environment. WhiteBIT has the A rating and in the top 3 most secure crypto exchanges according to cer.live and the top 2 most secure exchanges in the world based on an independent Hacken audit.

What’s more, WhiteBIT operates a public bug bounty program on HackenProof, offering $10,000 for each critical bug discovered. This program covers vulnerabilities in web, API, Android, and iOS applications. Bug bounty programs are highly cost-effective continuous protection measures that actively involve communities in the development of Web3 projects.

WhiteBIT is one of the largest European centralized crypto exchanges founded in 2018. The exchange offers 520+ trading pairs, 270+ digital assets, and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide, with over 150 trading pairs and advanced trading tools for more than four million users.