KryptoGO achieves top-tier wallet security standards after rigorous audit
- KryptoGO completed a comprehensive security audit that significantly reduced vulnerabilities.
- The audit process adhered to methodologies similar to those of top security platforms like 1Password.
- KryptoGO has established itself as a leader in Web3 wallet security, enhancing user trust.
In Taiwan on November 28, 2024, KryptoGO announced significant advancements in its security measures by completing a rigorous security audit. This audit aligns with methodologies from top security platforms, such as 1Password, highlighting its dedication to user and enterprise safety on Web3. The process assessed KryptoGO's mobile applications, backend systems, and API endpoints, revealing a 50% reduction in vulnerabilities from previous assessments. KryptoGO's focused approach to security is vital in the Web3 ecosystem, where wallets store sensitive keys critical for controlling digital assets. Recognizing that security breaches could lead to substantial losses and diminish user trust, the company has implemented a multi-layered strategy for private key management. This includes device-level encryption, password protection using Argon2, and a cloud backup system employing Shamir's Secret Sharing Scheme. KryptoGO's collaboration with Cure53, a highly regarded security audit firm, validated the company's resilience against various cyber threats. The audit employed both white-box and gray-box penetration testing to probe KryptoGO's infrastructure thoroughly. Findings highlighted KryptoGO's commitment to continual improvement, as demonstrated by resolving key vulnerabilities, including token mismanagement and API access concerns. Through these efforts, KryptoGO has not only enhanced its security framework but also set a new standard for wallet safety in the Web3 space. By achieving security certifications comparable to other renowned platforms, KryptoGO is paving the path for heightened trust in digital asset management among users and enterprises alike.