Cobo Unveils Multisig Co-signing Service for Enhanced Crypto Security

Cobo, a leading digital asset custody and wallet technology provider, has announced the launch of its Safe{Wallet} Multisig Co-signing Service. This new service enables users to independently verify and risk control Safe multisig transactions within the custody address, further enhancing transaction security.

The Safe{Wallet} Multisig Co-signing Service introduces Cobo Address MPC or Web3 Wallet to participate in signing within Safe{Wallet}. As an independent third party, Cobo ensures that it uses a separate signature solution from other signers to avoid single-point risks from signers relying on common infrastructure. Additionally, combined with Cobo's robust risk control system, each transaction undergoes anomaly detection to promptly prevent potential unexpected behaviors. Through the encryption asset security protection system Cobo Guard, transaction auditing and cross-validation are implemented to effectively prevent data tampering or forgery, ensuring the authenticity and validity of transactions.

This new service comes at a time when the crypto industry is facing increasing threats from hackers, including the recent attack on top coin circle infrastructure Safe by a North Korean hacker group. As the crypto market continues to grow, so does the need for robust security measures to protect users' assets. Cobo's Safe{Wallet} Multisig Co-signing Service is a significant step towards enhancing transaction security and providing users with greater control over their digital assets.