Fireblocks, the cybersecurity company that provides protection for digital assets in transit, announced it was to give support to five new exchanges, bringing the total number of trading venues under its umbrella to 20.
The five new exchanges to enlist the protection of Fireblocks were OKCoin, OKEx, Korbit, Bithub and HitBTC, the company said in a press release.
Fireblocks' platform helps eliminate the risk of deposit address spoofing and the theft of exchange customers' credentials during the depositing, withdrawal and rebalancing of assets between exchanges. The company said in the statement:
Cryptocurrency companies are under a constant barrage of attacks, with $1.7 billion lost in 2018 alone. We're confident that as we grow our connectivity layer across each touchpoint, the industry as a whole will become more secure.
The company lauched out of test mode with $16 million of series A funding on June 11 from Cyberstarts, Tenaya Capital, Eight Roads, Swisscom Ventures and MState.
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