CZ has raised serious concerns about Safe Wallet’s security after the Bybit hack, questioning its infrastructure vulnerabilities. As trust in self-custody solutions becomes more critical than ever, Best Wallet is emerging as a safer alternative with multi-chain support and institutional-grade security.
Crypto security has become a pressing issue following the $1.5 billion Bybit hack, with former Binance CEO Changpeng Zhao (CZ) publicly criticizing Safe Wallet’s post-mortem report.
CZ questioned how the exploit occurred and whether Safe Wallet’s security mechanisms were properly designed to prevent such breaches.
As the debate over crypto wallet security intensifies, Best Wallet has released a major update integrating Bitcoin support, solidifying its position as a secure, multi-chain alternative.
With institutional-grade protection from Fireblocks and a seamless, user-friendly experience, Best Wallet is proving to be a leading choice for investors prioritizing security and accessibility.
Safe Wallet Faces Scrutiny After Bybit Hack – CZ Criticizes Security Gaps
The recent Bybit hack sent shockwaves through the crypto industry, exposing vulnerabilities in Safe Wallet’s infrastructure.
In its official report, Safe Wallet confirmed that the attack was executed through a compromised developer machine, allowing hackers to insert malicious JavaScript code into its Amazon Web Services (AWS) system.
While Safe Wallet insists that its smart contracts and front-end code remain secure, CZ has expressed deep skepticism, stating that the report raises more questions than answers.
He specifically questioned:
– How the attackers managed to trick multiple signers into approving a malicious transaction
– Whether social engineering, a virus, or blind signing were involved
– Why Ledger verification failed to prevent unauthorized transactions
Following the breach, Bybit took emergency action, borrowing 40,000 ETH from Bitget to meet withdrawal demands and restoring its reserves through loans, asset purchases, and whale deposits. Bybit CEO Ben Zhou has since assured users that the exchange now has 100% backing for client assets.
However, the incident has highlighted critical flaws in multi-signature wallets and reinforced the need for enhanced security solutions like Best Wallet.
Best Wallet Expands to Bitcoin: The Secure Multi-Chain Alternative
As investors search for a safer, more reliable alternative, Best Wallet has launched Version 2.5.1, introducing full Bitcoin integration alongside its existing support for Ethereum, BNB Chain, and Polygon.
This update makes Best Wallet one of the most comprehensive self-custody solutions available, with plans to add Solana, Base, and Tron in future updates.
UPGRADE TO BEST WALLET 2.5.1 AND SECURE YOUR CRYPTO WITH INDUSTRY-LEADING PROTECTION
Unlike centralized exchanges that store user assets in vulnerable hot wallets, Best Wallet ensures that users retain full ownership of their crypto.
Best Wallet’s top-tier security measures include:
– Multi-Party Computation (MPC) security through Fireblocks, protecting private keys from hacks and internal breaches
– Institutional-grade encryption, trusted by major financial players like VanEck, Revolut, and eToro
– Full self-custody—users remain in complete control of their funds, eliminating third-party risks
Why Best Wallet is a Safer Option Than Safe Wallet
The Bybit exploit has raised serious concerns about multi-signature vulnerabilities, highlighting the importance of using a wallet with advanced security protocols.
Best Wallet stands out as a more secure alternative due to its robust encryption model and Fireblocks-backed protection. Unlike Safe Wallet, which suffered from an infrastructure-level compromise, Best Wallet:
– Does not store user credentials on a centralized server, reducing the risk of developer breaches
– Uses multi-layer authentication and biometrics to safeguard against unauthorized access
– Provides a user-friendly experience without sacrificing security
UPGRADE TO BEST WALLET TODAY TO EXPERIENCE SECURE, SEAMLESS CRYPTO MANAGEMENT
Additionally, Best Wallet’s partnership with Fireblocks ensures that even if a device is compromised, attackers cannot access private keys or sign malicious transactions.
Seamless Bitcoin Buying & Trading with Best Wallet
With Bitcoin’s growing adoption—including discussions around the US government potentially adding BTC to its strategic reserves—Best Wallet’s new Bitcoin integration makes it easier than ever to buy and manage BTC securely.
Users can purchase Bitcoin directly through Best Wallet’s built-in trading feature using:
– Debit or credit cards
– Crypto swaps via Best DEX
– Transfers from external wallets like Binance or Coinbase
Best Wallet’s native token, $BEST, is also available for purchase at a discounted price, offering benefits like higher staking yields and access to exclusive presales.
Is Best Wallet the Best Crypto Wallet for 2025?
The crypto security landscape is rapidly evolving, with multi-signature wallets facing increasing scrutiny. Safe Wallet’s security failings in the Bybit hack have left many investors searching for a more reliable alternative.
Best Wallet’s commitment to security, multi-chain functionality, and seamless Bitcoin integration positions it as one of the top crypto wallets for 2025.
With ambitious plans to capture 40% of the crypto wallet market share by 2026, Best Wallet is leading the charge in redefining secure self-custody solutions.
For investors looking to protect their crypto assets while gaining access to the latest blockchain developments, Best Wallet is the clear choice.
