ExchangeDefender™

Securing Exchanges
BlockSafe Technologies > Products > ExchangeDefender™

Crypto exchanges have hot wallets and cold wallets. The wallets store user secret keys as well as the exchange’s secret keys. Most of the keys are stored offline in vaults (cold wallet). A portion of the keys are stored on servers connected to the internet (hot wallet) to facilitate transactions. These servers are susceptible to a data breach just like any other hacker attack.

Exchange Defender comprises two products to protect the internal systems of the crypto exchange. These are – CryptoDefender™ (described earlier) and ProtectID®. ™protects the exchange’s computers and mobile devices from keylogging, screen capture and clickjack attacks. ProtectID® secures access to the internal systems via two factor out-of-band authentication. The ProtectID® system is shown below –

ProtectID® System

Authentication methods include:

  • Out-of-Band – #, PIN, OTP, Voice
  • OTP Delivery to Phone via SMS, Voice, Email, and/or Push
  • Out-of-Band Push – Accept/Deny, PIN, and/or Fingerprint
  • Hard Tokens – Key Fob, USB Key, and/or Wallet Cards
  • Mobile Tokens – iOS, Android
  • Desktop Tokens – PC/Mac/Linux
Study Case

ExchangeDefender™ Use Case

A typical crypto exchange architecture is shown below –

BlockSafe Technologies™

Case study – Crypto Exchange

Target – Financial

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ExchangeDefender can secure the following vulnerability points –

     Vulnerability

Endpoint

     Protection

Login

Authentication

Transaction

Authentication

User Login X X
CSR Login X X
Admin Login X X
Hot Wallet X
Whitepaper

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Interested in finding out more about BlockSafe Technologies? For media and investors contact us at:

(732) 661-9641
info@blocksafetech.com

Securing the Blockchain Ecosystem:

Wallets, Exchanges, and Private Blockchains