GEORGE TOWN, Cayman Islands, Oct. 24, 2025 — Toobit, a globally recognized and award-winning cryptocurrency exchange, has announced an enhanced security approach by partnering with SlowMist, a leading Web3 security company, for a comprehensive security audit.
SlowMist will conduct a thorough assessment of Toobit’s entire platform, including the web platform and APIs, to identify and address potential vulnerabilities. This aims to ensure maximum fund security and a seamless trading experience for Toobit users.
According to Mike Williams, Chief Communication Officer at Toobit, security in the crypto industry is an ongoing effort. Toobit is committed to building a robust, multi-layered security system to protect against evolving threats, thereby ensuring the highest level of trust for its traders.
This engagement with SlowMist is part of Toobit’s proactive security strategy, which includes multiple audits. Building on successful penetration tests by Hacken, Toobit aims to provide verifiable asset protection for its users.
The final report from SlowMist will offer Toobit actionable recommendations to strengthen its systems, maintaining a secure and reliable platform for its global user base in the face of constant security challenges.
With cryptocurrency-related losses reaching $2.17 billion by mid-2025, surpassing the total for 2024, the increasing threat landscape necessitates a strong defense strategy. This rise in losses is attributed to the exploitation of operational and procedural failures rather than smart contract vulnerabilities.
About Toobit
Toobit is a leading cryptocurrency derivatives exchange designed for traders seeking new opportunities. With deep liquidity and advanced technology, Toobit enables traders worldwide to confidently navigate digital asset markets. It offers a fair, secure, seamless, and transparent trading environment.
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