Introduction
We express our gratitude to the Toobit team for the collaborative engagement that enabled the execution of this Pentest.
Document | |
|---|---|
| Name | Pentest and Security Analysis Report for Toobit |
| Approved By | Ece Orsel |
| Website | https://www.toobit.com/→ |
| Changelog | 17/07/2026 - Preliminary Report |
| 07/08/2026 - Final Report | |
| Platform | IOS |
| Tags | Pentest (Black-Box) |
| Methodology | https://docs.hacken.io/methodologies/pentesting→ |
Document
- Name
- Pentest and Security Analysis Report for Toobit
- Approved By
- Ece Orsel
- Website
- https://www.toobit.com/→
- Changelog
- 17/07/2026 - Preliminary Report
- 07/08/2026 - Final Report
- Platform
- IOS
- Tags
- Pentest (Black-Box)
Review Scope | |
|---|---|
| App Store URL | https://apps.apple.com/us/app/toobit-buy-btc-eth-crypto/id1660882885→ |
| Version | 2.3.1 |
Review Scope
- Version
- 2.3.1
Audit Summary
The system users should acknowledge all the risks summed up in the risks section of the report
{FindingsVulnSeverityStatusTable}
System Overview
Toobit is a centralized cryptocurrency exchange established in 2022. It serves over 3 million users across more than 100 countries, offering a comprehensive suite of trading services, including spot trading, derivatives, copy trading, and automated trading bots.
The Toobit iOS mobile application integrates with the platform’s backend services to facilitate various trading operations. Key functionalities include:
Spot Trading API: Enables users to perform spot trading operations, such as market data retrieval, account management, and order execution.
USDT Swap Trading API: Allows users to trade perpetual contracts settled in USDT, offering similar features to the Spot Trading API but tailored for derivatives trading.
The application manages several critical asset categories:
User Data: Personal information, account balances, and transaction history.
Authentication Credentials: API keys, tokens, and secret keys used to access the APIs.
Financial Transactions: Order placements, cancellations, and trade executions.
Market Data: Real-time and historical price information.
Findings
Code ― | Title | Status | Severity | |
|---|---|---|---|---|
| F-2026-1807 | Session tokens and cookies stored in cleartext in NSUserDefaults | fixed | Medium | |
| F-2026-1807 | App Transport Security disabled globally | accepted | Low | |
| F-2026-1807 | Missing backgrounding-snapshot and screenshot protection | accepted | Observation | |
| F-2026-1807 | Third-Party Keyboards Are Allowed | accepted | Observation | |
| F-2026-1807 | Weak Jailbreak detection | accepted | Observation |
Appendix 1. Severity Definitions
Findings are categorized based on their potential impact and assigned a severity level using the Common Vulnerability Scoring System (CVSS) version 4.0: →
Severity | Description |
|---|---|
Critical | These issues present a major security vulnerability that poses a severe risk to the system. They require immediate attention and must be resolved to prevent a potential security breach or other significant harm. |
High | These issues present a significant risk to the system, but may not require immediate attention. They should be addressed in a timely manner to reduce the risk of the potential security breach. |
Medium | These issues present a moderate risk to the system and cannot have a great impact on its function. They should be addressed in a reasonable time frame, but may not require immediate attention. |
Low | These issues present no risk to the system and typically relate to the code quality problems or general recommendations. They do not require immediate attention and should be viewed as a minor recommendation. |
Severity
- Critical
Description
- These issues present a major security vulnerability that poses a severe risk to the system. They require immediate attention and must be resolved to prevent a potential security breach or other significant harm.
Severity
- High
Description
- These issues present a significant risk to the system, but may not require immediate attention. They should be addressed in a timely manner to reduce the risk of the potential security breach.
Severity
- Medium
Description
- These issues present a moderate risk to the system and cannot have a great impact on its function. They should be addressed in a reasonable time frame, but may not require immediate attention.
Severity
- Low
Description
- These issues present no risk to the system and typically relate to the code quality problems or general recommendations. They do not require immediate attention and should be viewed as a minor recommendation.
Appendix 2. Scope
The scope of the project includes the following:
Scope Details | |
|---|---|
| App Store URL | https://apps.apple.com/us/app/toobit-buy-btc-eth-crypto/id1660882885→ |
| Version | 2.3.1 |
Scope Details
- Version
- 2.3.1
Assets in Scope
Appendix 3. Additional Valuables
Frameworks and Methodologies
This security assessment was conducted in alignment with recognised penetration testing standards, methodologies and guidelines, including the NIST SP 800-115 – Technical Guide to Information Security Testing and Assessment →, the Penetration Testing Execution Standard (PTES) →, and the OWASP Testing Guide →. These assets provide a structured foundation for planning, executing, and documenting technical evaluations such as vulnerability assessments, exploitation activities, and security code reviews. Hacken’s internal penetration testing methodology extends these principles to Web2 and Web3 environments to ensure consistency, repeatability, and verifiable outcomes.