SINGAPORE, Nov. 28,
2022 /PRNewswire/ -- Many
billions worth of crypto assets have evaporated on FTX, the world's
third-largest exchange. But history repeats itself. As of 2014, it
was Mt. Gox, the world's largest Bitcoin broker and
the world's leading Bitcoin exchange, handling more
than 70% of all Bitcoin transactions worldwide in
February 2014, exchange was hacked
and 850,000 bitcoins were stolen. This was a systematic and
There is low education on
handling private keys and personal wallets. Challenges for
crypto investors seem to be more about how not to
"lose" than "make a profit."
Therefore, to keep it safe, you should keep it in own wallet and
private key or mnemonic that allows access to the generated wallet
which must also be protected.
Private key or recovery word phrase cannot be recovered once
it's lost. It gives access to different tokens. In most cases,
combinations of 12 to 36 characters
is kept insecurely. This also
causes a risk of loss or getting hacked. Cold wallets (hardware)
are an alternative but fall under
the same circumstances.
Master Key 2.0 has been released to protect crypto
assets and private keys. The advantage is that it allows protection
of wallet and crypto assets by securing private key in
random incidents. Moreover, 3FA of personal authentication info can
only be the access to protect and retrieve the private
In particular, one can manage multiple wallets and private keys
of various crypto assets at once. Only owners can utilize their personal information to
manage the keys that allow them to access assets on the blockchain.
All private keys protected by 3FA are algorithmically encrypted and
kept segregated in secure storage in the Microsoft cloud.
Restoration and Recovery follows the same procedure. It's easy and
convenient, but it also provides very strong encryption and a
reliable cloud architecture. MasterKey's encryption and algorithm
services are provided as API to partner with B2B. It servers wallet
provider and Defi exchanges. You can access and download at:
MasterKey 2.0, is offered by Digifinance Pte. Ltd. in
Singapore. Digifinance aims to
build the premier digital wealth technology platform offering
holistic investment and security services across the full digital
assets spectrum. The company has
partnership with Samsung, UNESCO, r3, KOSCOM(Korea Exchange) and
others, and has been awarded by
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SOURCE Digifinance Pte. Ltd.