Monday, October 13, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

WikiBit—Protecting Users Assets in Web3 from the Source

by firstcryptonews
August 22, 2024
in Press Release
WikiBit—Protecting Users Assets in Web3 from the Source

Screenshot

In recent years, the blockchain industry has developed rapidly, but with the swift expansion of the industry, various issues have also emerged. Exchanges, as a crucial part of the blockchain ecosystem, hold a particularly important position, especially in meeting users’ trading needs, over-the-counter (OTC) transactions, and other essential functions. However, problems at exchanges are frequent, and fraudulent activities are common. Issues such as Ponzi schemes, exit scams, hacking attacks, and fake trading data occur from time to time.

A large number of exchanges globally have already faced closures or security incidents due to various issues, resulting in significant user fund losses and market instability. Additionally, there are smaller platforms that imitate well-known exchanges, and even fraudulent exchanges created solely for scams. These platforms typically deceive users into investing and trading by mimicking the interfaces and branding of legitimate platforms. Not only do they lack basic security measures, but they often disappear quickly with the users’ funds, causing significant financial losses. Due to their short operational lifespans and lack of transparency, many of these fraudulent activities are not disclosed in time, further exacerbating market chaos and user panic.

The chart below only accounts for well-known exchanges, with amounts exceeding several billion dollars and impacting tens of millions of users.

When issues occur at centralized exchanges, they often involve large financial losses and numerous users. Due to mismanagement, hacking, and other reasons, the compensation process is challenging and prolonged, leaving many users unable to recover their losses effectively. For example, in 2014, the Mt. GOX exchange lost approximately 850,000 bitcoins due to a hacking attack, worth around $450 million at the time, affecting about 240,000 users. Similarly, the FTX exchange collapsed in 2022 due to fund misappropriation issues, involving approximately 1 million users, with losses ranging from $8 billion to $10 billion.

Thus, choosing a safe and reliable exchange is crucial for users. They should carefully consider the security and reputation of the platform to avoid unnecessary risks to their assets.

WikiBit’s Mission

WikiBit emerged in response to this backdrop, establishing itself as a professional, authoritative blockchain information query platform. Leveraging its extensive industry experience and expert knowledge, WikiBit provides transparent, secure, and reliable blockchain information services to users worldwide, helping investors make informed decisions in the complex market environment. Whether for newcomers to the blockchain space or seasoned investors, WikiBit is committed to offering comprehensive support, becoming a solid pillar for users in the digital asset arena.

WikiBit’s expertise is reflected in its advanced technological framework and rigorous evaluation system. The platform utilizes innovative sniffing systems and big data analysis, taking into account over 70 dimensions, including influence, financial licensing, proof of reserves, on-chain data monitoring, and public sentiment monitoring, to comprehensively score exchanges across the globe. This meticulous analysis not only reveals the overall strength of exchanges but also provides users with an intuitive rating system, helping them quickly evaluate and make the best decisions, significantly reducing the time and research effort required when selecting an exchange.

To ensure users receive the most accurate and reliable information, WikiBit doesn’t rely solely on technology but has also introduced a Field Survey feature. By dispatching professional teams to personally visit and verify the actual operations of exchanges, WikiBit can validate the authenticity and reliability of the information collected directly from the source. This initiative further enhances the authority and credibility of the platform’s data, giving users greater confidence in relying on WikiBit’s information for making investment decisions.

Additionally, WikiBit’s services extend beyond information queries. It also offers modules for complaints and rights protection, risk exposure, and credit evaluation, helping users avoid potential risks and pitfalls. WikiBit regularly publishes updates on blockchain industry trends and analysis, assisting investors in gaining market insights and seizing early opportunities. In May 2024, WikiBit officially became a member of the British Blockchain Association (BBA), further solidifying its position as a leading global blockchain information query platform.

Certification from APAC Insider

APAC Insider is a reputable media platform focusing on business strategies and trend analysis in the Asia-Pacific region, and it is part of the UK-based AI Global Media. Since its establishment in 1996, APAC Insider has gained widespread influence globally through its in-depth research across industries and strict evaluation standards. The awards it grants cover leading companies in various sectors, and the evaluation process combines votes from over 600,000 professionals with analysis from an internal research team, ensuring the awards’ high authority and credibility.

Receiving an APAC Insider award signifies that a company’s excellence in the industry and global influence have been fully recognized. WikiBit, with its unique product features, high industry expertise, and real assistance to global users, was awarded the Best Blockchain Query Platform of 2024 by APAC Insider. This honor not only reflects WikiBit’s leading position in the blockchain industry but also marks a further expansion of its global influence. WikiBit will continue to provide reliable blockchain information services through transparent data analysis and on-site verification, promoting the healthy development of the entire industry.

Related Posts

SuperTrust Expands Its Real-World Blockchain Ecosystem with Global Community Growth and Multi-Platform Integration

SuperTrust Expands Its Real-World Blockchain Ecosystem with Global Community Growth and Multi-Platform Integration

by firstcryptonews
October 13, 2025
0

October 2025 – Seoul, South Korea - SuperTrust, a next-generation blockchain platform that bridges real-world assets with decentralized technology, is...

TCM AI: Not a Fortune Teller, But a Mind- Body- Spirit Guide

TCM AI: Not a Fortune Teller, But a Mind- Body- Spirit Guide

by firstcryptonews
October 12, 2025
0

Tech solves problems. But does it help us read ourselves? TCM AI blends Traditional Chinese Medicine theory, semantic AI,and Web3...

Why A Crypto Analysis Believes OCRO And Octario Exchange Are Poised to Redefine Profitable Crypto Trading

Why A Crypto Analysis Believes OCRO And Octario Exchange Are Poised to Redefine Profitable Crypto Trading

by firstcryptonews
October 6, 2025
0

As someone who has traded through multiple bull and bear cycles, I’ve seen the good, the bad, and the ugly...

Asia AIGC Summit in Ho Chi Minh City, ANYBODY Vietnam Headquarters Grand Opening

Asia AIGC Summit in Ho Chi Minh City, ANYBODY Vietnam Headquarters Grand Opening

by firstcryptonews
October 3, 2025
0

The integration of AI technology and entertainment is becoming a new trend in the digital era. How to leverage AIGC...

Nidhi Coin and the Birth of India’s Digital Wealth Era

Nidhi Coin and the Birth of India’s Digital Wealth Era

by firstcryptonews
October 1, 2025
0

“A presale promising 10×–20× returns, utility across industries, and India’s cultural momentum — Nidhi Coin could be the defining wealth...

Pepesnix Price Prediction 2025 — How High Could $PEPEX Go?

Pepesnix Price Prediction 2025 — How High Could $PEPEX Go?

by firstcryptonews
October 1, 2025
0

Price predictions are part of the excitement in crypto. Every cycle, investors look for the token that could deliver outsized...

Next Post
Launch of Paisa Coin Telegram Mini-App Revolutionizes Crypto Rewards

Launch of Paisa Coin Telegram Mini-App Revolutionizes Crypto Rewards

Recommended

Arno token

ARNO Enters Carbon Nanotube Production After Regulatory Clearance

4 years ago
Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be

Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be

2 months ago
2022 TRON launches the latest cloud mining platform | The best withdrawal proof!

2022 TRON launches the latest cloud mining platform | The best withdrawal proof!

3 years ago
BANKSY on SOL: You Don’t Need Planning Permission To Build Castles In The Sky

BANKSY on SOL: You Don’t Need Planning Permission To Build Castles In The Sky

1 year ago
Dreams Quest

Dreams Quest (DREAMS) Officially Listed On KuCoin

4 years ago
Vistas Media

Animoca Brands invests in Singapore based Fantico to build VistaVerse, the first Indian metaverse

4 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

FurGPT (FGPT) Prepares Global Token Rollout to Expand Decentralized AI Companionship

FurGPT (FGPT) Prepares Global Token Rollout to Expand Decentralized AI Companionship

October 13, 2025

Press Release

SuperTrust Expands Its Real-World Blockchain Ecosystem with Global Community Growth and Multi-Platform Integration

SuperTrust Expands Its Real-World Blockchain Ecosystem with Global Community Growth and Multi-Platform Integration

October 13, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News