Is the Binance portfolio safe? The best alternative to encryption wallet after news misconduct for employees
The last employee’s misconduct caused new doubts about the security of the Binance Portfolio, raising concerns about whether the safer wallet and the best encryption for users.
Binance’s internal audit team has received allegations that the employee took advantage of the interior information to conduct trading in the foreground, which increases the audit of the internal controls of the stock exchange.
Since then the employee has been suspended, and Binance has claimed that he has taken appropriate legal action.
However, a series of modern safety accidents and security weaknesses associated with famous brands such as Metamask, Phantom, Trust Wallet and Binance Wallet forced users to search for safer and newer options Best portfolio.
Binance Walker Walker: The latest in Crypto Wallet Security Mishaps
One of the Binance employee, who was working on the Binance Wallet team, participates in trading in the forward using non -general information.
Binance’s internal audit team revealed that the employee used his previous business development role in the BNB series to access internal information. Due to the familiarity of his projects on the series, the employee was aware that a major project was planning a symbolic generation event (TGE).
Before announcing the general launch, the individual bought a “large size” of the distinguished symbols of the project, which he later delivered after implementation to make great gains. Check the Binance Investigation Report here.
Binance suspended the employee and took appropriate legal measures. However, the ease through which employees can benefit from their current and previous roles for trading from the inside raises great concerns about the security of the stock market and the wallet.
Moreover, this employee misconduct is only the latest in the security incidents associated with the famous brands of the encrypted wallet.
Last month, the BYBITISIG portfolio was hacked with more than $ 1.5 billion from ETAREM, while many call it The biggest theft of encryption in history.
Earlier this year, the famous Solana portfolio Phantom attracted great community criticism to ignore a decisive security vulnerability.
Likewise, the Indian Wazirx Crypto Exchange was hacked for $ 230 million.
Safety incidents forced users to search for safer and more modern encryption portfolios.
Why the best wallet is a safer alternative?
Best Wallet has already established itself as one of the leading Bitcoin and Crypto portfolios, largely due to the advanced and updated safety protocol.
For example, MPC is used as a non -trustee, a sophisticated method that divides the special keys of users into two separate arrows. Half is safely stored on Fireblocks servers, while the other remains on the user device. This ensures that Fireblocks or Best Wallet stores cannot independently reach the private user key, and give users full safety control.
Users also have the option to support their own key to Google Drive or iCloud. However, they will blast it with a secret question, the answer that is known only.
In addition, with features such as bilateral approval, unique safe traffic symbols, biometric checks, and frequent safety updates, provide the best strong protection portfolio to ensure safe management of the user’s assets.
Best wallet: Web3 wallet
Besides its advanced security, Best Wallet separated itself from old brands such as Metamask and Phantom in several regions.
Unlike, the best portfolio has multiple functions. Users do not need separate portfolios for Bitcoin, Ethereum and Solaman networks – they can use the best portfolio instead. Soon, it will provide wallet functions on 60 chains.
Besides its multiple, non-intermediate, and non-kYC identity, the wallet offers a wide range of features, aiming to serve as a web3 all-in-one-not just encoded port.
Its coding card, the item complex, the portfolio information board, the trading of futures, etc., makes it one store for all encrypted things. For example, the preliminary complex, called “upcoming symbols”, lists the best pre -encryption Trending, helping users find the following Cryptos 100x.
Not without any reason that the best portfolio has already has more than 500,000 users, with a 630 % mom growth rate. Its original symbol, The best wallet code (Best)She also raised more than $ 11 million in the previous period, as many called it the next 100x.
