Industry Security
At CTRL, we prioritize the security of our users and their assets by implementing industry gold standard practices and innovative features to create a safe and secure environment. Here are some of the ways we ensure the highest level of protection for our users:
No private key storage or wallet creation: We never ask for or store users' private keys, eliminating the risk of compromise. Users simply connect their existing wallets to our platform via a simple signature. We are also compatible with cold storage wallets like Trezor and Ledger, offering an additional layer of security.
Military-grade portfolio data encryption: CTRL employs cutting-edge encryption techniques to safeguard users' portfolio data. Our platform utilizes AES-256 encryption, a symmetric key algorithm approved by the U.S. National Security Agency (NSA) for top-secret information. Furthermore, we employ secure key management practices, including hardware security modules (HSMs) and regular key rotation, to ensure the utmost protection of our users' sensitive data.
Smart Contract and Site Security Audits: CTRL is dedicated to ensuring the highest level of security for all smart contracts deployed on our platform. To achieve this, we engage industry professionals to conduct thorough and extensive audits of our smart contracts, particularly those related to advanced features. These comprehensive assessments scrutinize the contracts' code, identify any potential vulnerabilities, and verify that they adhere to best practices within the blockchain industry. By partnering with experienced auditors, we strive to minimize risks and maintain the utmost confidence in our platform's security, allowing users to trade and manage their assets with peace of mind. Moreover, we will publish the audit results, demonstrating our commitment to transparency and earning the trust of our users.
Manage and revoke wallet permissions: CTRL allows users to easily manage and revoke wallet permissions within the app, granting them control over their connected wallets and ensuring a secure trading experience.
Two-factor authentication (2FA) and phone biometrics: To provide an additional layer of security, CTRL allows users to add a 2FA login, which requires users to verify their identity using a secondary device or method after they've connected their wallet to log in. We also intend to integrate phone biometrics, such as Face ID and fingerprint recognition, for seamless and secure access to our platform without the need for cumbersome authenticators or text codes.
Emergency access and next of kin assignment: CTRL enables users to assign next of kin or emergency access to their accounts, either permanently or time-controlled, for specific situations. Often the most stressful issue when handling sensitive issues like this is the process of locating assets, of knowing where to look. This feature allows trusted individuals to access an overview of the user's assets and their locations in case of emergencies, ensuring continuity and safeguarding their investments aren't forgotten.
24/7 developer support: CTRL's dedicated team of developers is available around the clock to address any security concerns, monitor the platform for potential vulnerabilities, and provide prompt assistance to users. By maintaining constant vigilance over the platform, we ensure that any potential threats are quickly identified and mitigated.
By incorporating these security measures, CTRL aims to provide users with a safe and reliable platform, allowing them to confidently manage and trade their crypto assets.
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