UniCrypt’s Security Statement
We are very sorry to hear about the exploit that befell one of our industry’s challengers last week and for all those who were affected. Lockers getting compromised isn’t good for anyone in the space — especially since this technology’s purpose is to help increase the security of investors’ funds and to foster trust in crypto investments.
We fully stand by the quality and trustworthiness of our technology and believe that our services are not exploitable. Innovation and tech before hype is our motto.
Regardless of this, these events have encouraged us to integrate additional measures of security to the platform, starting with an item that has been widely requested by our community of late. We’re happy to announce that we will be setting up an insurance fund dedicated to the compensation of affected projects and investors should anything happen in the future on our platform. We are aware that exploits do happen and even though attention to code quality is one of the core values of UniCrypt, in case of an unfortunate event we’d like both project owners and investors utilizing our services to be as protected as possible. We wish to learn from everyone’s experiences and continue to offer the most trusted and dependable DeFi services that we can.
We will establish a plan during Q4 and then deploy accordingly. We are currently in discussion with potential partners with whom to make this happen, more details on how this will work to come.
If you have any questions, please feel free to drop into our telegram and we’ll continue the conversation there. We’re open to suggestions on how to help investors feel more secure and on how to improve the industry.
Main UniCrypt telegram: https://t.me/uncx_token