At KYNC security and privacy are main priorities. Our security policies and measures are constantly reviewed to ensure they are up to date and compliant with the industry standards.
For the protection of our shareholders and users the Koinfold Pay 2.0 app will not be ready for release on
Blockchain bridges are a crucial piece of the cryptocurrency ecosystem which makes them prime targets for attacks. Successful attacks on “blockchain bridges” have become increasingly common over the past couple of years.
Our security team is obtaining visibility into our app security identifying potential weak areas vulnerable to attacks and KYNC is passing this to the app development team to quickly respond to security threats. KYNC will continue to perform static application security testing (SAST) on code changes to detect insecure code patterns as the Koinfold Pay 2.0 app grows and features are added.
“At KYN Capital Group, we are extremely excited to be near the end of our development and ultimate launch. We have decided to take this development to the next level of security in order to ensure our clients with a high end deliverable,” declared
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Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
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