In the world of cryptocurrencies, security is a key factor that determines the trust and reliability of any platform. Alongside transparency, fair play, and our commitment to changing the rules of the game, security forms one of our core values. 

With this in mind, we are excited to share a development that will significantly enhance the security of the entire Probinex ecosystem. 

We are migrating all client and service wallets to the Fireblocks platform, the current leader in cryptocurrency security. 

What is Fireblocks? 

Fireblocks is a top-tier platform designed for the secure and efficient management of cryptocurrency assets. Its primary users include large financial institutions, banks, exchanges, and other major market players like Revolut, eToro, and Robinhood. Why is Fireblocks so popular? The answer is simple: security, reliability, and performance. 

Fireblocks allow secure management of cryptocurrency wallets, transferring assets between exchanges, interacting with the DeFi world, and many other functions that significantly simplify and streamline the operation of cryptocurrency services. Its technology is considered the industry standard, meaning it meets the strictest security requirements and provides essential protection against any threats. 

Why did we choose Fireblocks? 

Security has always been our top priority, to which we have dedicated maximum effort. However, this requires significant investment in human resources and infrastructure development. After a thorough analysis of Fireblocks' capabilities, we determined that it meets these needs more than adequately and will simplify these processes in the long term, allowing us to focus entirely on building the Probinex ecosystem. 

An undeniable advantage of Fireblocks is its use of advanced MPC (Multi-Party Computation) technology, which enables the secure creation and management of private keys in a fragmented form. This means that the keys are never stored in their entirety in one place, significantly reducing the risk of their compromise. 

This technology, along with independent control mechanisms and stringent security certifications, provides a level of protection that is hard to surpass. 

Fireblocks offers zero counterparty risk, meaning that Probinex has full control over its private keys even if Fireblocks were to cease operations. Additionally, the platform is resilient to extreme loads, ensuring high reliability and smooth operations even under challenging conditions. 

Protection of assets even in the event of exchange bankruptcy 

Another reason for this migration is our commitment to continuous improvement and development. Fireblocks allow us to more easily support multiple blockchains, improve the reliability and speed of transactions, and offer greater resilience to extreme operational loads. Moreover, this platform helps us meet demanding regulatory requirements thanks to its integrated compliance tools, which enhances our credibility in the eyes of partners, regulators, and clients. 

A crucial advantage is protection against the potential collapse of cryptocurrency exchanges where we trade. By managing private keys independently of the exchanges, Probinex ensures that assets remain fully under our control. Even if an exchange were to go bankrupt, Fireblocks guarantees that our assets would remain safe and untouched, providing an additional layer of protection and assurance for our clients. 

How will this change affect our clients? 

For our clients, the migration will mean only one visible change — a new wallet address in their  StayKing client account. The entire process will be smooth and with minimal impact on your daily operations. The only thing we will need from you is to confirm the new wallet via a simple pop-up window in your client account. This step is necessary for legal reasons, so we kindly ask you not to delay it. 

If you accidentally send funds to the old wallet, don’t worry — we will keep those wallets on standby for such cases, and your funds will be safely returned to your new wallet. 

Security first 

Migration to Fireblocks is another step in our continuous effort to increase the level of security and reliability of our services. With support for over 50 blockchains and the resilience of a platform tested under the most demanding operational conditions, we are ready to face any challenges that the world of cryptocurrencies brings. 

Thank you for your trust and support. Together, we keep moving forward.