A recent personnel abuse has created new doubts about the security of the Binance wallet and increased concerns about whether it was the safest and best crypto wallet for users.
Binance’s internal audit team claimed that an employee used information from inside to make a leading trade and further intensified the examination of the internal controls of the stock market.
The employee has been suspended since then, and Binance claimed that it was doing appropriate legal action.
However, a series of recent security vulnerabilities associated with popular brands such as Metamask, Phantom, Confidence Wallet and Binance Wallet forced users to look for more safe and newer options. Best wallet.
Binance wallet personnel abuse: crypto wallet is the latest in security setbacks
Binance wallet team working on one of the Binance personnel, using non -public information using the leading transactions.
Binance’s internal audit team announced that the staff used the previous business development role in the BNB chain to access information from inside. As he was familiar with the projects on the chain, he was aware that a large project was planning a coin production event (TGE).
Before the public launch announcement, the individual acquired the “great volume of the project of the project and then threw after the announcement for important gains. Check out Binance’s investigation report Here.
Binance has suspended the employee and undertakes appropriate legal procedures. However, the ease of exploiting and previous roles of personnel members for the trade of internal learners causes significant concerns about the safety of stock exchanges and wallets.
In addition, this personnel is the last of the strong security events associated with popular crypto wallet brands.
Last month, Bybit’s multiple wallets, many of which said, was hacked over over $ 1.5 billion in Ethereum. The biggest crypto robbery in history.
Earlier this year, Phantom, the popular Solana wallet, drew important community criticisms to ignore a critical vulnerability.
Similarly, the Indian Crypto Exchange Wazirx attacked $ 230 million.
Security events forced users to search for more safe and newer crypto wallets.
Why is the best wallet a safer alternative?
The best wallet has largely built itself as one of the leading Bitcoin and crypto wallets due to the latest security protocol.
For example, it uses non -supervised MPC, the latest way to use users’ special switches into two separate stocks. One half is safely stored on Fireblocks’s servers, while the other remains on the user’s device. This ensures that neither Fireblock nor the best wallet can not access the user independently of the user’s full special key, and that users cannot provide full control and advanced security.
Users also have the option to back up their special switches to Google Drive or iCloud. However, they will encrypt the answer only with a secret question known to them.
In addition, with two -factor authentication, unique secure passods, biometric verification and frequent safety updates, the best wallet provides solid protection to ensure the secure management of user assets.
Best Wallet: All Together One Web3 Wallet
In addition to its latest security, the best wallet separated itself from old brands such as Metamask and Phantom in various fields.
Unlike them, the best wallet has a very chain functionality. Users do not need separate wallets for Bitcoin, Ethereum and Solana networks – instead they can use the best wallet. Soon, 60 plus chains will offer wallet functions.
Beyond the identity of non -chained, uninformed and non -KYC identity, the wallet offers a wide range of features that aim to serve as a web3 platform, not just a crypto wallet, but all together.
Crypto debit card, stoping collection, portfolio management indicator panel, futures trading, etc. For example, the pre -sales collector, which is labeled as “upcoming coins ,, lists the best trend crypto pioneers that help users find the next 100x crypos.
The best wallet already has more than 500,000 users and there is no reason with 630% growth rate. Domestic coin, Best wallet coin (best)In addition, many of them were called the next 100x crypto, while before the sale, he collected over $ 11 million.
