Zoomex, a prominent player in the cryptocurrency exchange market since 2021, has announced the successful completion of a comprehensive security audit by the esteemed cybersecurity firm, Hacken. This evaluation highlights Zoomex's dedication to upholding the highest standards of security and transparency within the fast-paced digital asset trading sector.
The security assessment, titled the 'Pentest and Security Analysis Report for Zoomex,' was meticulously conducted by Faizan Nehal and received approval from Stephen Ajayi of Hacken. The audit involved extensive penetration testing and security analysis, aimed at evaluating the robustness of Zoomex's platform, including its web application and API endpoints.
Zoomex's reputation for cutting-edge blockchain technology has been further solidified through this audit, reinforcing its status as a secure and reliable platform for millions of users worldwide. The audit identified seven vulnerabilities, classified based on severity—critical, high, medium, and low.
Among the critical findings was an unauthorized fund transfer vulnerability (F-2024-4042), which has since been fixed. Other vulnerabilities included weaknesses in the Know Your Customer (KYC) process (F-2024-4028), access control issues (F-2024-4019), and multiple 2FA bypass vulnerabilities (F-2024-3998 and F-2024-4004). Issues such as vulnerable JavaScript dependencies (F-2024-4043) and nickname length verification bypass (F-2024-4009) were also identified and addressed accordingly.
Zoomex's immediate response to the audit findings demonstrates its proactive approach to security. Critical vulnerabilities, including unauthorized fund transfer and access control issues, were resolved promptly. The company has also accepted resolution plans for the high and medium-risk vulnerabilities, indicating ongoing efforts to enhance platform security.
The audit underscores Zoomex's commitment to transparency and accountability. By publicly sharing the audit results, Zoomex ensures that users and stakeholders are well-informed about the measures taken to protect their assets and personal information. This level of openness is crucial in building and maintaining trust in the highly competitive and rapidly evolving cryptocurrency exchange market.
Zoomex's leadership highlighted the importance of the collaboration with Hacken, stating, “Our collaboration with Hacken has been instrumental in identifying and addressing potential vulnerabilities in our platform. We are committed to continually improving our security measures to provide our users with the safest and most reliable trading experience possible.”
Looking ahead, Zoomex has announced plans to implement further security enhancements. These include the introduction of advanced monitoring systems to detect and respond to suspicious activities in real-time, launching educational campaigns to inform users about best practices in securing their accounts, and strengthening two-factor and multi-factor authentication systems to mitigate risks associated with unauthorized access.
The recent security audit by Hacken marks a significant milestone for Zoomex, reaffirming its dedication to security and transparency. As the cryptocurrency exchange industry continues to evolve, maintaining rigorous security standards is imperative. Zoomex's proactive approach to addressing vulnerabilities and reinforcing its security infrastructure ensures that users can have confidence in the platform's reliability and safety.
Moving forward, Zoomex will continue to prioritize user safety and platform integrity by regularly engaging with top-tier cybersecurity firms like Hacken and adhering to stringent security protocols. This commitment positions Zoomex at the forefront of secure digital asset trading.
