When John McAfee put down 100,000 US dollars for anyone that could hack his ‘unhackable’ Bitfi wallet, he didn’t lay down a 24-hour deadline. GK8 has set the clock for budding hackers, though.
The company says its cold wallet is ‘totally unhackable’ because it doesn’t take data from the blockchain. To learn more, Cybernews talked to CEO Lior Lamesh.
There are a number of rules to keep in mind when playing poker. These rules govern how the game is played, what types of cards are dealt, how many hands a player can make, and other important aspects of the game. These rules are designed to ensure that the players are treated fairly and in accordance with fair play principles. They also help ensure that the game is not rigged or compromised.
To maintain the highest security standards, GK8 offers a $250,000 bounty to hackers who successfully breach its wallet. This is one of the largest bounties for a blockchain company, and it shows that GK8 is serious about its security. Fortunately, the company has not experienced any physical attempts to steal its bitcoins.
The new custodial solution will allow customers to store and trade their crypto assets in a secure environment while being able to access the NEAR ecosystem. This is a significant step for the company, which will provide regulation-ready self-custody to clients who want to invest in digital assets and build decentralized applications that run on the NEAR protocol. It will also give traditional financial institutions and crypto-native companies the ability to integrate GK8’s platform with their own regulations-ready, high-scalability MPC vault.
GK8 is an end-to-end digital asset custody solution for Stellar users. The platform has built patented technology that allows transactions to be sent to the blockchain without internet connectivity. This helps prevent cyber attacks and allows for higher transaction scalability. The company has recently partnered with PolkaPets to launch unique GK8-branded characters.
The new GK8-branded characters will be available for the community to purchase via gamification, direct sales, and social interactions. The new characters will be grouped into four rarity tiers, each with its own distinctive features. These unique characters will be a great way to help the community stay engaged in the Polygon ecosystem.
Galaxy Digital CEO Michael Novogratz praised GK8’s team and technology in a press release, but emphasized that the sale is not yet final. He explained that his firm will retain GK8 co-creators Lior Lamesh and Shahar Shamai, who will lead its new custodial solutions division.
During a hearing Thursday, US District Court Judge Sean Glenn approved first-day motions related to the GK8 sale. He also ruled that Celsius must allow bidding for its lending portfolio, which could provide relief to former customers.
The GK8 Cold Vault is a bank-grade security solution for digital assets. The system combines advanced proprietary cryptography techniques with military-grade physical protection. It combines a cold wallet insulated from inbound communication with an ultra-secure, proprietary MPC wallet for automated transactions.
GK8 is an Israeli company that offers a high-security custodian technology for managing digital assets. It was founded in July 2018 by CEO Lior Lamesh and CTO Shahar Shamai, who previously protected the State of Israel’s strategic assets against cyber attacks. The company’s custodian technology is already used by companies such as eToro, the global multi-asset trading and investment platform.
In addition to providing 100 percent cyber protection, GK8 also provides a unique Cold Vault. This patented technology allows users to send transactions to the blockchain without connecting to the Internet, making it nearly impossible for hackers to exploit. The Cold Vault is also audited and certified by leading cybersecurity firms.
Moreover, Gk8 has established deep partnerships with INX and Aon to safeguard assets trading platforms and provide insuranbale digital asset storage tech. This gives the company a distinct advantage over its competitors.
Galaxy Digital Holdings, a financial services and investment management innovator in the cryptocurrency and blockchain technology sector, has stepped up its bid for bankrupt crypto lending firm Celsius Network. The investment company intends to flip GK8’s secure institutional digital asset self-custody platform into an additional service for its institutional clients.
According to the company’s website, it is a “regulatory-ready” solution for storing, transacting and trading digital assets. The platform is designed to address the increasing regulatory compliance needs of the industry and is accessible via a secure and private key infrastructure. It also supports all major tokens and can be customized to meet each client’s specific requirements.