SuperEx has launched a new dynamic password tool — SuperEx Authenticator, which performs two-step verification protection for all SuperEx accounts to avoid illegal malicious attacks and effectively improve the security level of accounts.
Security issues have been the sword of Damocles hanging over the exchanges, and there are countless exchanges that have collapsed due to platform security issues.
Since the establishment of Mt. Gox, the world’s first digital asset exchange in July 2010, security has been a major challenge for every digital asset trading platform.
According to SuperEx Academy’s incomplete statistics, in the past 12 years, more than 40 exchanges worldwide have been exposed to security issues, with a total of more than $2 billion in digital assets stolen.
Even Binance, one of the world’s leading digital asset exchanges, has had five major security outbreaks in a row in a few years, alarming the industry.
Objectively speaking, the security of cryptocurrency trading still has a small gap compared to the traditional stock exchange, and the reason for this is the problem of cost investment.
For the financial industry, security is the lifeline, and for the digital asset industry, which is just in its initial stage and the industry’s capital volume and user scale are rapidly moving into a new growth period, security issues can even trigger a crisis of trust in the entire blockchain industry.
SuperEx has a deep understanding of the nature of security and has been constantly iterating to improve the “firewall” of the SuperEx exchange in recent years. Both the HD wallet authorization feature, which went live in September, and the newly launched authenticator are the best evidence of SuperEx’s continuous investment in security and improvements.
Currently, exchanges are facing these four major security issues: access security, transaction security, system capital security issues, and user capital security issues.
Accessibility security: hacker attacks to steal account passwords.
Transaction security: data leakage, remote control theft/transfer/transaction
System fund security: illegal withdrawal using blockchain protocol loopholes/hacking to steal funds
User funds security: users themselves are hacked to cause data leakage resulting in illegal access, illegal withdrawal of coins and other security issues.
Among them, the issues of system funds security, user funds security and access security have been greatly enhanced with the launch of the SuperEx HD wallet authorization feature.
The launch of SuperEx Authenticator adds another layer of security to the four major issues facing the exchange.
SuperEx Authenticator, also known as SuperEx Two-Step Authenticator, is a dynamic password tool from SuperEx that solves the issue of malicious attacks on your SuperEx account.
The SuperEx authenticator will dynamically generate a 6-digit number every 30 seconds. After the user logs in to SuperEx and completes the captcha verification, he needs to enter the generated dynamic password number once to verify the account successfully, thus protecting the account by “secondary verification”.
Everyone should know about the “USB Key”. It can protect the safety of online banking funds, because of its uniqueness and irreproducibility, all online accounts involved in the external transfer of funds need its unique authentication, which can effectively prevent payment risks.
The SuperEx Authenticator is a physical “USB Key”, and a multi-functional “USB Key”, which can be updated every 30s by adding a key binding, and the authentication code cannot be reused, greatly improving the security performance of the account. This greatly improves the security of your account.
Currently, when performing steps in SuperEx: accessing, withdrawing coins, trading, etc., secondary verification of the authentication is required to cover the security of one’s mobile segment to the maximum extent.
Overall, the issue of exchange security is not a point of concern, but a comprehensive one. SuperEx is at the forefront of security, but the pursuit of security will not stop, and security is the lifeline of SuperEx.
You can download the SuperEx Authenticator on Google Play Store and IOS App Store.
SuperEx is the world’s first Web 3.0-based cryptocurrency exchange, creating the most intuitive user experience for everyone to trade cryptocurrencies.SuperEx’s mission is to create Web 3.0-based business models and technology solutions that enable decentralization of user assets and transactions, decentralization of the platform team, and complete decentralization of rights, driving user community autonomy, allowing billions of users to experience cryptocurrency first-hand and enter the Web 3.0 crypto world together.
Based on the same goals and values, we are forming country or region based DAOs, working together to achieve decentralization and full community autonomy for SuperEx and successfully enter the WEB 3.0 era in the blockchain based universe. Currently, SuperEx has well-established DAO communities in 22 different countries and regions around the world, making it one of the important DAO community clusters in the global blockchain space.