Dear Community,
The recent security breach at WazirX may have raised concerns within the crypto ecosystem. We want to reassure you that your funds and assets are completely secure at ZebPay.
As the oldest exchange in the Indian market, ZebPay has consistently prioritized asset security. We have implemented multiple checks and balances to ensure your funds remain secure at all times.
To name a few:
1) Multi-stage security protocols are in place at all times
2) Two-factor authentication enabled on both mobile and web apps ensures your account remains accessible only to you.
3) Our infrastructure is protected by robust firewalls, preventing external access and interference from service providers (e.g., ISPs) in our product development process. Employees undergo thorough background checks and are granted network access strictly according to their roles.
4) The majority of our assets are stored in robust multi-sig cold wallets ensuring that your assets are secure around the clock
5) We are partnered with trusted third-party custody services that provide a world-class multi-chain security system that safeguards all transactions between cold and hot storage wallets
6) Our products and services are regularly tested by security experts
7) Apart from cold storage, all hot wallet transactions on ZebPay are signed using systems across various cloud platforms. At each step of our security practice, we ensure there is no single point of failure
8) Lastly, we are a registered entity under the PMLA ( Prevention of Money Laundering Act) and we are an FIU-registered entity
In short, there is nothing to worry about, and your funds are well protected so that you can invest stress-free at all times. The Crypto ecosystem continues to be resilient, and we firmly believe that the future is bright. ZebPay’s goal to help our users achieve financial freedom through crypto remains strong and this goal will continue to be our north star.
Regards,
Team ZebPay
