What security measures does Yuga Labs have in place to protect user funds in the Otherside?

3 answers

• Jan 12, 2022 · 3 years ago
  Yuga Labs takes the security of user funds in the Otherside very seriously. They employ a multi-layered approach to protect against potential threats. This includes implementing robust encryption protocols, utilizing hardware security modules (HSMs) to securely store private keys, and regularly conducting security audits and penetration testing to identify and address vulnerabilities. Additionally, Yuga Labs implements strict access controls and monitors for any suspicious activities to prevent unauthorized access to user accounts. With these measures in place, users can have confidence in the security of their funds on the Otherside.
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• Jan 12, 2022 · 3 years ago
  When it comes to protecting user funds in the Otherside, Yuga Labs leaves no stone unturned. They have implemented industry-leading security measures to ensure the safety of user assets. This includes employing advanced firewalls and intrusion detection systems to prevent unauthorized access, implementing two-factor authentication (2FA) to add an extra layer of security, and storing the majority of user funds in cold storage wallets that are offline and not susceptible to online attacks. Yuga Labs also maintains a dedicated security team that constantly monitors and updates their security protocols to stay ahead of emerging threats.
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• Jan 12, 2022 · 3 years ago
  Yuga Labs understands the importance of securing user funds in the Otherside. As a third-party auditor, BYDFi has conducted a thorough review of Yuga Labs' security measures and can confirm that they meet industry standards. Yuga Labs utilizes a combination of hot and cold wallets to store user funds, with the majority being held in cold storage for enhanced security. They also employ strict access controls and conduct regular security audits to identify and address any potential vulnerabilities. With these measures in place, Yuga Labs ensures that user funds are protected from unauthorized access and potential security breaches.
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