As a RedFOX supporter, you’re most likely aware of Komodo Platform’s Agama wallet security scare. Yes, the events were detrimental. The entire situation is inconvenient and unwelcome.
But it could have been much, much worse. And for many in the community, the $RFOX listing on Liquid came at the perfect time. The Liquid exchange uses 100% cold storage — the safest method for keeping crypto on lockdown.
Now, it’s no secret that the crypto space is plagued with swindlers out to steal from others. Have you ever been on Telegram? It’s filled with them.
To clarify, we’re not talking about an offensive hack. Patching Agama was a defensive strategy employed by white hat hackers. And luckily, KMD closed the backdoor to everyone’s funds before any significant damage occurred.
Now, although the Komodo team discovered the vulnerability early enough to sweep funds out of harm’s way, the experience is a powerful lesson in the importance of cybersecurity. And as you most likely know, protecting our community is something we’re very serious about here at RedFOX.
This question comes up quite frequently. Even before the latest Agama event, the community’s been more than eager to put our custom crypto wallet on their smartphones.
Today’s answer is the same as last month’s and will continue to remain the same until the day of release.
The $RFOX mobile crypto wallet launches only after full certification from Hacken.
We’re not in the practice of pushing unfinished products into marketplaces. And avoiding instances like the Agama drama is why the world’s leading cybersecurity is auditing every piece of code within the RFOX ecosystem.
We’re here for the long haul, and we appreciate your patience. Our feature-rich wallet will be in your hands when our trusted partners are 100% certain that it’s ready for you.
As an actively running crypto network, millions of $RFOX coins flow throughout our platform. And ensuring the safety of funds is one of our top priorities. For the sake of every member of the community — as well as our sanity — we’re taking utmost precaution with our upcoming wallet.
A mobile crypto wallet provides a simple and intuitive method for interacting with blockchain networks. Everyone reading this has a phone. You may even be reading this on one right now! We can’t take the chance of souring our reputation by releasing an unpolished wallet. All we can say now is that it’s coming soon!
The unusually high rate of mobile adoption — over 100% — in Southeast Asia is one of the reasons why Vietnam is our home base.
Now, you may be asking yourself, “how can something be used by more than 100% of a nation’s populace?” Even if you know the answer, come back later this week, and we’ll tell you more about it!