At Tapbit, user trust and asset security are our highest priorities. In collaboration with the renowned third-party auditing agency Hacken, we have implemented a cryptographic audit process to verify that all assets stored on our platform are fully collateralized. This, combined with our $50 million Insurance Fund, further strengthens our commitment to providing a safe and reliable platform for all.
Our commitment to a 1:1 reserve ratio sets a high standard for the crypto industry, demonstrating our dedication to preventing platform insolvency and ensuring the accuracy of our customer funds and net balances. This commitment is essential for building trust with regulators and fostering a healthy and sustainable crypto ecosystem.
About Hacken
Hacken is a trusted blockchain security auditor on a mission to make Web3 a safer place by contributing to security standards. Established in 2017, Hacken has audited over 1,500 clients and completed more than 2,000 audits. As a vertically integrated company with a global team of over 150 talents, including 60+ certified engineers and 10 CCSSAs, Hacken delivers high-quality solutions across all areas of blockchain security.
Hacken is a contributor to the EEA EthTrust Security Levels Specification and a member of INATBA, making it a trusted partner for over 180 Web3 projects. Hacken’s services include Smart Contract Audits, Blockchain Protocol Audits, dApp Audits, Penetration Testing, and CCSS Audits. Their product portfolio also features HackenProof bug bounties, CER.live cybersecurity rankings, and Extractor on-chain monitoring.
For more details, please visit our Proof of Reserves Page.
Thank you for choosing Tapbit.
Tapbit Team
