Cobo, a leading company in the field of digital assets and portfolio wallet, has announced the launch of the SAFE {Wallet} joint signing service. This new service allows users to analyze and manage the risk of multiple signature transactions independently within the nursery addresses, thus enhancing the safety of transactions.
The joint signature service for the safe portfolo for the risk control
This development follows the last BYBIT penetration incident, which led to a loss of $ 1.4 billion linked to the SAFE infrastructure.
SAFE {Wallet} Cobo MPC or Web3 address to participate in the signature. As an independent third party, Cobo employ separate signature solutions to avoid a single -point risk associated with relying on a common infrastructure between the two sites. In addition, the advanced risk control system in Cobo discovers potential errors in each treatment, which prevents unexpected behaviors in actual time.
In light of a breastfeeding bybit, Safe {Wallet} was recently released Forensic Medicine Report This attracted doubts from the former CEO of Binance Changpeng “CZ” Zhao.
The SAFE report participated that the infiltrator targeted a safe developer, which led to a harmful treatment that drained the BYBIT wallet. The report also reported that no security defects were found in SAFE or the front end.
but, CZ raised many questions that were not resolved in the accident, including: 1. How the developer machine was hacked (for example, social engineering or virus). 2. How the developer machine managed to reach a Bybit account and whether any symbol in production was published from this device. 3. How the attackers exceeded the step of verifying the professor’s book with many positions (perhaps by blinding or improper verification).
I usually try not to criticize the other industrial players, but I still do it from time to time. 😂
This update from Safe is not great. It uses a mysterious language to clean the issues. I have more questions than answers after reading them.
1. What does he do. https://t.co/vxywhyzqxb
– CZ 🔶 bnb (CZ_Binance) February 26, 2025
Zhao also wondered, “What are the lessons, users, users and users of” self -boundaries and multiple portfolios “can this?”
Also read: BYBIT CEO: Bybit has completely compensated for ETH deficit
