How do FTX and Voyager compare in terms of security measures for digital asset storage?

1 answers

• May 07, 2022 · 3 years ago
  FTX and Voyager have distinct security measures in place for digital asset storage. FTX employs a robust security system that includes multi-signature wallets and cold storage. By utilizing multi-signature wallets, FTX ensures that multiple private keys are required to access users' funds, making it more difficult for unauthorized access. Additionally, the majority of funds are stored in cold storage, which means they are kept offline and away from potential online threats. Voyager, on the other hand, uses a combination of hot and cold storage. While hot storage allows for quick access to funds, cold storage provides an added layer of security by keeping the majority of assets offline. Both exchanges prioritize the security of users' assets and implement measures such as two-factor authentication and regular security audits to mitigate risks.
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