Shakepay hired CipherBlade to conduct an independent review of our internal procedures for storing funds and processing transactions.
The purpose of this report is to provide an expert’s perspective on how things operate at Shakepay. As of August 26, 2020, the report concluded the following:
Shakepay holds sufficient digital currency assets to cover all customer account balances.
Shakepay holds enough fiat assets to match customer fiat account balances.
Digital currencies stored in hot and cold wallets are highly secure and unlikely to be compromised.
Shakepay conducts background checks on all employees.
Shakepay follows robust security practices for managing and storing credentials.
You can find the full report here:
If you have any questions or concerns, please do not hesitate to contact our Customer Support Team and we will be happy to help!
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