WhiteBIT Becomes First Exchange to Achieve the Highest Level Cryptocurrency Security Standard
VILNIUS, Lithuania, December 11th, 2024, Chainwire
WhiteBIT has reached a significant milestone by becoming the first cryptocurrency exchange globally to obtain Level 3 certification under the Cryptocurrency Security Standard (CCSS). Developed by the CryptoCurrency Certification Consortium (C4), this certification represents a new benchmark in cryptocurrency platform security. This accomplishment places WhiteBIT among the top-tier platforms recognized for superior security.
The CCSS is an industry-standard security framework designed to ensure robust protection for cryptocurrency systems. It complements existing ICT security frameworks like ISO 27001 and PCI DSS by introducing specific guidance for best practices in securing cryptocurrencies. The standard includes three levels of certification, with Level 3 representing the highest benchmark, requiring advanced security measures such as multi-signature wallets, access controls, disaster recovery planning, as well as rigorous penetration testing and detailed audit trails for sensitive processes like data sensitization policies.
WhiteBIT’s successful certification was conducted by Hacken, a leading cybersecurity firm accredited by C4 to audit organizations for CCSS compliance. The auditor carried out an extensive review of WhiteBIT’s security infrastructure, following 3 years of preparation. The 2.5-month audit included in-depth inspections of both cold and hot wallets, dozens of hours of interviews with WhiteBIT personnel, and the submission of over 100 artifacts detailing the exchange’s policies, procedures, and security protocols. The final 97-page report reflected rigorous testing and hundreds of questions addressed throughout the process, ensuring full compliance with the stringent requirements of CCSS Level 3.
“This certification is a proof of our strong commitment to safeguarding our users’ assets,” says Volodymyr Nosov, Owner and CEO of WhiteBIT. “In an industry where trust must be earned every day, we have embraced rigorous security protocols that set new benchmarks for excellence. Our goal isn’t just to drive innovation but to ensure that these advancements are built on a secure foundation. The CCSS certification underscores our dedication to providing a safer experience for our global user base of over 5,5 million.”
WhiteBIT’s CCSS certification delivers significant benefits to users:
- Enhanced Security. CCSS ensures robust protections for user funds and private keys, minimizing risks of hacks or theft through advanced technologies like multisignature wallets.
- Reduced Risks. The standard mitigates human errors and ensures that only authorized personnel can access sensitive systems, safeguarding user assets.
- Emergency Preparedness. WhiteBIT has recovery systems in place to protect user assets during unforeseen events, providing a safer trading experience.
“We are proud of the successful completion of the CCSS audit for WhiteBIT! This achievement exemplifies the powerful synergy of expertise, determination, and a commitment to advancing web3 security. It marks not only a significant milestone for our company but also a meaningful contribution to the evolution of web3 frameworks across the industry. Thanks to WhiteBIT for their trust and belief in the importance of adopting cutting-edge security solutions!” commented Dmytro Yasmanovych, Head of Compliance at Hacken.
For WhiteBIT, this accomplishment aligns with its overarching strategy of promoting mass adoption through trust and transparency. Earlier this year, the company also achieved prominence by securing the highest level of PCI DSS certification for payment data protection—a further indication of its dedication towards comprehensive protection measures.
About WhiteBIT
WhiteBIT is one of the largest European centralized crypto exchanges, and it was founded in 2018. The exchange offers 600+ trading pairs, 300+ digital assets, and 9 state currencies. The company is an official partner of FC Barcelona, FC Trabzonspor, ESL Faceit, and VISA. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.
