Bitget Wallet achieved the highest ranking on CertiK’s Security Wallet Leaderboard last week, surpassing Trust Wallet and MetaMask. This accomplishment is a major milestone for Bitget Wallet, showcasing its outstanding security capabilities as a non-custodial Web3 wallet.
In its 2023 Web3 industry security report, CertiK uncovered a staggering 751 security incidents, which led to a significant loss of $1.84 billion. However, it is worth noting that this figure represents a notable 51% decrease compared to the previous year. Despite this decrease, the issue of on-chain asset security remains a major concern. Bitget Wallet has taken proactive steps to enhance security by incorporating advanced technologies such as “keyless” MPC and AA wallet. These measures effectively tackle common security concerns like losing private keys and unauthorized contract access. The wallet is also compatible with hardware wallets and has undergone thorough security audits with trusted security partners to ensure product transparency and reliability.
“As part of our journey to balance security, decentralization, and scalability in wallet design infrastructure, we have made it our priority to develop a comprehensive security system for our wallet to provide an unparalleled user experience while maintaining top-of-the-line safeguards against Web3 hazards, including on-chain phishing, fraud, and other issues,” Alvin Kan, Chief Operations Officer (COO) of Bitget Wallet stated.
Highlighting the wallet’s main security features, the speaker emphasizes the importance of a comprehensive risk alert system. In the ever-evolving Web3 landscape, proactive prevention of potential security threats has become increasingly crucial.
The wallet has implemented measures such as Flashbots in Ethereum transactions to prevent MEV attacks and asset isolation measures for on-chain Bitcoin inscriptions.
In addition to focusing on technical security parameters, the Bitget Wallet team is dedicated to constantly enhancing its risk detection, elimination, and user education measures. This ensures that users are provided with a comprehensive and all-round security environment.
Bitget Wallet’s 2024 roadmap highlights its transformation into the Bitget Onchain Layer, setting the stage for the future of Bitget’s ecosystem. The inclusion of a Bitget Protection Fund, which started at $300M and has now grown to over $400M, significantly strengthens the wallet’s risk tolerance, providing an additional layer of protection.
Looking forward, the wallet is fully committed to making substantial progress in security technology, bringing in cutting-edge and all-encompassing security measures for its users.
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