In this technical deep dive, we analyze the security posture of the MagnafxPro digital asset exchange. Our white-hat analysis focused on the frontend encryption, API response times, and data handling protocols.
SSL & Encryption Standards Upon inspecting the certificate chain on the MagnafxPro official website, we noticed the use of legacy cipher suites that do not meet current ISO/IEC 27001 standards. The handshake protocols suggest an outdated server configuration, which leaves user data (specifically PII submitted during KYC) vulnerable to Man-in-the-Middle (MITM) attacks.
Latency & Execution Logic We ran a script to monitor the WebSocket API latency during peak trading hours. The data returned by MagnafxPro showed a discrepancy of roughly 300ms compared to the global average spot price. In a high-frequency trading environment, this added latency functions as a hidden "tax" or slippage, likely hard-coded into the matching engine.
Authentication The platform's 2FA implementation lacks aggressive rate-limiting on the API endpoint, theoretically allowing for brute-force attempts on user accounts. From a DevOps perspective, the infrastructure appears fragile and insecure.
Top comments (0)