GEORGE TOWN, Cayman Islands, Aug. 25, 2025 — Toobit, a global cryptocurrency exchange recognized for its excellence, has announced the successful completion of two security evaluations conducted by Hacken, a leading cybersecurity auditor specializing in Web3. These penetration tests, which assessed the security of Toobit’s mobile apps for both iOS and Android, are part of the company’s ongoing commitment to offering a safe and dependable platform for its users worldwide.
These collaborative gray box penetration tests aimed to find and fix any potential weaknesses in the exchange’s mobile applications. The audits found a total of 13 issues across both platforms, most of which were considered minor. Toobit’s development team quickly took action to resolve these issues after the audits.
“The security of our users’ assets and information is our top concern, and these successful audits are an essential step in fulfilling that commitment,” stated Mike Williams, Chief Communication Officer at Toobit. “This favorable result from a reputable third-party firm like Hacken assures our users that they are trading on an exchange where security is fundamental to our platform, not just an added feature. We will continue to invest in the latest security measures to ensure their peace of mind.”
This successful audit enhances Toobit’s existing security measures, which include a verifiable Proof of Reserves (PoR). Toobit ensures 1:1 asset backing for all traders, providing automatic protection as soon as funds are deposited. This is a key element of the exchange’s Bee-Safe technology, a comprehensive security system designed to offer extensive protection and transparency for all assets.
According to Hacken’s 2025 Half-Year Web3 Security Report, over $3.1 billion in digital assets were lost due to hacks and exploits in the first half of the year. This figure has already exceeded the total amount stolen in 2024, highlighting the growing need for vigilance through strong security measures and independent audits.
The complete reports, along with their findings, are publicly available on .
About Toobit
Toobit is a leading cryptocurrency derivatives exchange designed for traders who are passionate about exploring new opportunities in the crypto space. With high liquidity and advanced technology, Toobit enables traders worldwide to confidently navigate the digital asset markets. We provide a fair, secure, seamless, and transparent trading environment, ensuring every trade presents an opportunity to discover the next big thing.
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Contact: Davin C.
Email: market@toobit.com
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