Security Platform Expands Coverage to 20 crypto Exchanges

[jjbanks994]

With Ciphertrace's recent AML report showing $4.3 billion this year of stolen funds most of which are taken directly from exchanges it would make sense there are companies coming in to help protect traders.

Fireblocks offers coverage to those who are looking to move their crypto across multiple exchanges. The selling point is that coins will be kept secure and avoid the need for a trader to sign in to multiple platforms.

What are your thoughts?


https://decrypt.co/8959/fireblocks-security-platform-expands-coverage-to-20-crypto-exchanges

[wattcrypto]

I know a lot of exchanges are working with ciphertrace for AML. Does that mean Fireblocks requires KYC?

[Slow death]

this is an article to promote this company: Fireblocks, at the end of the article has this:

It does however, put all the traders' security eggs in one basket—let’s hope Fireblocks is more secure than the litany of exchanges that have fallen foul to breaches in 2019.

It seems to me that this is not a good solution, people have their wallets where they can control their private keys, so what kind of security can one create that is better than having their coin in a wallet where one has control of their keys? this is a service that I would not use

[hugeblack]

This topic and that article focus on the promotion of the company, if it belongs to that company is a sign of lack of professionalism and if that person promotes that platform, he has failed.

swapped from one exchange to another avoiding the need for the trader to sign in on multiple platforms
Fireblocks is focusing on preventing attacks directed at consumers, such as phishing attacks—that aim to get hold of their login details or personal data.

How can transfer from one platform to another enhance the content? You can do this with a small chrome add-on like Lastpass.
The company has failed to prove a logical argument about the usefulness of using fireblocks.