International crypto-fiat exchange XREX announced a partnership with 14 leading blockchain security organizations and companies worldwide to launch a joint blockchain cybersecurity defense network. The partner organizations will share the latest information on blacklists and cyber threats, as well as pool resources, knowledge, and expertise, to protect the exchange and its users from malicious attacks or illegal activities. The partnership is aimed at enhancing the security and reliability of the blockchain system.

The 14 organizations with which XREX partnered are as follows:

• CipherTrace
• Chainabuse
• SlowMist
• Numen Cyber Technology
• GoPlus Security
• ScamSniffer
• Blockchain Security Alliance
• MoveBit
• Sum and Substance
• DeFiHackLabs
• DarkHandBook
• Crypto Defenders Alliance
• TRM Labs
• TRISA.io

XREX Chief Security Officer and General Manager, Sun Huang, stated, “Security should not be viewed as a cost but as an important asset and foundation for an exchange. Only by being secure can market participants enter the crypto market and trade successfully, with their rights protected. Through diversified defense and the building of a joint defense network, we are building up the tenacity of our overall cybersecurity capabilities. XREX will be sharing knowledge and practical experience with its peers to jointly create the highest standard of Web3 security ecology and to create greater space and opportunities for the general public to adopt blockchain and cryptocurrency.” Sun Huang leads the XREX security team and has been consistently reporting and sharing information on the Web3 security platform. He is also one of the top three contributors on Chainabuse.

Prior to this announcement, XREX has also joined hands with SlowMist, GoPlus Security, Numen Cyber Technology, ScamSniffer, Beosin, KEKKAI, Sandbags Protocol, and Web3 open university WTF Academy, which recently secured funding from the Ethereum Foundation, to launch a Web3 cybersecurity academy, to promote the open-sourcing of Web3 knowledge and cultivate more Web3 security talents through XREX’s experience in cybersecurity and collaborating with like-minded partners.

Sun Huang is an active contributor to the international cybersecurity community, frequently sharing Web3 cybersecurity information on Twitter and other platforms. He has been invited to speak at international conferences such as Black Hat, Hack in Paris, Virus Bulletin, and RSA. His open-source tools DeFiHackLabs, DeFiVulnLabs, and the root cause analysis of more than 100 DeFI hacks and exploits shared on Twitter received over 100,000 views in a day.

XREX will continue to build the most secure, compliant, and clean trading environment. We believe in contributing to a positive long-term impact on the future of banking by providing cryptocurrency trading, stablecoin payments, and fiat deposit and withdrawal services to listed companies, small and medium-sized enterprises, and individual investors worldwide.

About XREX

XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018 and operating globally under multiple licenses, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.