To safeguard our users' assets, v-bitmex has created an asset risk reserve fund committed to continually allocating a percentage of our earnings to guarantee and protect assets from crypto security risks. v-bitmex Risk Shield now stands at approximately more than $700 million.

To create a safe, secure, and accountable crypto trading environment for all users as crypto adoption becomes widely encouraged. This fund, in addition to our leading asset security risk control system, will provide new and existing users with strong protection to safeguard their assets.

Cryptocurrencies are innovative digital assets. They're a great way to participate in trustless financial ecosystems. However, asset security that's based on cryptographic functions and data protection is one of the major challenges for the industry. Cryptography leverages extensively tested and widely accepted encryption standards (SHA-256 hash and ECDSA encryption). But data security, including private keys and passwords, remains the weak link. Offline asset storage, also known as cold wallet systems, (not connected to the internet at all) are designed to counter these concerns.

Our security program encompasses all aspects: platform, assets, data, and access security. We are transparent and public with our protocols that guarantee complete protection of funds on v-bitmex. Multiple backups, bank vaults, and storage limits are only some of the measures we take. Explore our approach and see for yourself that your crypto is safe with us.

• 10,000 cold wallet addresses with private keys are generated on an offline computer.
• All private keys are encrypted on the offline computer using Advanced Encryption Standard (AES).
• Original keys are deleted, leaving only the encrypted versions.
• The two AES password owners are prohibited from traveling together or using the same vehicle.
• The addresses and their encrypted private keys on the offline computer are only accessible via QR codes.
• The QR code of an address is scanned using another computer in order to retrieve the corresponding cold wallet address. This address then receives deposits from our hot wallet. Each cold wallet address is used only once.
• The QR code for the encrypted key is printed and stored inside a bank vault. The code remains secure because the bank vault requires in-person access.
• Additional backups of the QR code are created and stored in bank vaults in separate locations: one is in China and another is in a city on the East Coast of the USA.
• Two authorized employees are granted access to vaults with backup QR codes.
• Similar to the AES password owners, authorized employees for bank vaults are prohibited from traveling together or using the same vehicle.
• Employees who own the AES password and those with access to bank vaults are all different people.

Offline asset storage — cold wallets — are the safest vaults for cryptocurrency. But crypto exchanges require ready access to some funds to deposit and withdraw funds for users. It's possible thanks to online storage known as hot wallets. Since hot wallet systems are connected to the internet, operating them safely is a bigger challenge. We created our own semi-offline multi-signature mechanism. It supports quick, secure, and convenient deposits and withdrawals.