The crypto industry historically suffers from security issues. In 2019 alone hackers stole nearly $300 million from crypto exchanges. Exchanges, wallets, and payment processors have to respond with radical measures from large-scale audits to multi-million dollar insurance programs. In this piece, BDCenter Digital helps us explain how crypto projects protect their users.
TrustToken, the company behind the USD-pegged stablecoin TrueUSD, has published a third-party audit report of its bank account holdings which are supporting the supply of the digital asset.