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CryptoIntelligence 2024-03-15 01:33:00

Coinbase Wallet Bolsters Security with Blockaid Integration, Safeguarding Over $75 Million in User Funds

Coinbase Wallet Bolsters Security with Blockaid Integration, Safeguarding Over $75 Million in User Funds

In late 2023, Coinbase Wallet, the self-custody crypto wallet service from Coinbase, significantly enhanced its security by incorporating the Blockaid security tool. This strategic move, unveiled in a joint announcement to Cointelegraph on March 13, aims to fortify the digital assets of Coinbase users by introducing an additional layer of protection. The collaboration between Coinbase Wallet and Blockaid has led to the safeguarding of over $75 million in user funds from potential theft. This achievement was made possible by the integration of Blockaid’s technology, which effectively intercepted nearly 800,000 dubious wallet connections to harmful decentralized applications (DApps), after scrutinizing 114

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