Bybit Hack Reveals Want For Self-Custody Wallets Like Greatest Pockets

The Greatest Pockets ($BEST) presale hit $10.5 million in funding on Monday, extending a streak of surging funding.

The newest inflow of capital follows the Bybit hack, which noticed $1.4 billion in funds stolen from the trade.

This underscores the rising demand for self-custody wallets as a safer strategy to shield digital belongings. Greatest Pockets not solely affords this safety but in addition options which have made it a best choice amongst buyers in lower than a 12 months.

At the moment, Greatest Pockets’s funding stage costs every token at $0.0241 for the following 11 hours earlier than the following spherical will increase the worth.

With the presale operating for over three months, Greatest Pockets could also be nearing its funding objective. Lacking out now – whereas $BEST is at one among its lowest costs – may very well be like passing on a presale for a greater model of MetaMask.

Bybit Hack To Hasten Shift To Non-Custodial Options Like Greatest Pockets

Dubai-based Bybit suffered a hack on February 21 that drained its ETH chilly pockets. The attacker, believed to be North Korea’s Lazarus Group, used a “masked” URL to trick signers into making it seem reliable by way of Protected. 

By altering the contract logic, the hacker was capable of take management of the chilly pockets. 

Following the assault, Bybit moved shortly to revive its capacity to again investor belongings 1:1. In accordance with Lookonchain, the trade obtained 446,870 ETH – value $1.23 billion at present costs – by way of loans, massive deposits, and ether purchases over the previous two days.

Since being hacked, #Bybit has obtained ~446,870 $ETH($1.23B) by way of loans, whale deposits, and ETH purchases.#Bybit has almost closed the hole. pic.twitter.com/0oz3ytLi4X

— Lookonchain (@lookonchain) February 24, 2025

The incident highlights the rising sophistication of hacks concentrating on multi-signature chilly storage options. 

Former Binance CEO CZ identified that regardless of utilizing completely different multi-sig suppliers, each WazirX and Phemex suffered related breaches, underscoring the rising dangers within the trade.

CZ confused the significance of customers safeguarding their belongings, referencing a 2020 article he wrote on the basics of doing so. Final week, he additionally inspired utilizing wallets for each day crypto transactions fairly than relying fully on exchanges, which stay prime targets for assaults.

Some ideas on the latest hack(s).

There’s a sample the place hackers had been capable of steal massive quantities of crypto from multi-sig “chilly storage” options, as with ByBit, Phemex, WazirX and doubtlessly others. In the newest ByBit case, the hackers had been capable of make the…

— CZ 🔶 BNB (@cz_binance) February 22, 2025

Amid these developments, the brand new non-custodial Web3 pockets Greatest Pockets has seen a surge in presale purchases, pushing it nearer to its funding objective.

This inflow of contemporary capital isn’t simply as a result of crypto pockets’s self-custody options, which assist buyers keep away from exchange-related dangers, but in addition due to its superior capabilities, setting it other than older-generation wallets within the area.

Greatest Pockets Has Superior Safety And Transaction Capabilities

Greatest Pockets has constructed a powerful popularity, attracting over 500,000 customers since its launch lower than 12 months in the past.

A lot of its success comes from its superior capabilities, that are more and more beneficial in immediately’s crypto market.

Relating to transactions, Greatest Pockets stands out with diminished charges, making it extremely aggressive. Customers can additional profit from decrease prices by holding $BEST tokens. Its in depth integration with over 200 decentralized protocols and 20 cross-chain bridges additionally ensures quick transaction speeds.

Greatest Pockets can also be a frontrunner in on-ramping, providing customers fast and simple conversion of over 100 fiat currencies to crypto on the lowest trade charges and processing charges available in the market.

Because the latest Bybit hack demonstrated, reliance on exchanges can create market panic, making self-custody options extra interesting.

Past performance, Greatest Pockets prioritizes consumer expertise with a easy, intuitive UI and streamlined transactions.

Its multichain capabilities stand out in two key methods: customers can simply import and handle a number of wallets inside the app and seamlessly conduct cross-chain transactions.

💡 Must import your pockets into Greatest Pockets? Right here’s how.

Watch our step-by-step tutorial on the best way to import all of your wallets into Greatest Pockets and handle every part in a single place.

This video will present you:
✅ Learn how to import your current wallets
✅ Learn how to handle a number of wallets… pic.twitter.com/j133Pb0Gzb

— Greatest Pockets (@BestWalletHQ) February 23, 2025

One rising crypto venture leveraging these options is BTC Bull Token, which permits holders to earn Bitcoin as in the event that they had been operating mining operations. By securing the ERC-20 token $BTCBULL, customers obtain $BTC airdrops – all inside a single app.

Upcoming Tokens: Unlocking Alpha Alternatives

One in every of Greatest Pockets’s standout options is its capacity to present customers a buying and selling edge.

Whereas CZ means that exchanges ought to be reserved for skilled merchants, Greatest Pockets might get rid of the necessity for them fully as, along with enabling environment friendly each day transactions, it permits customers to commerce straight inside the app.

Moreover, its Upcoming Tokens characteristic additional units it aside by figuring out promising initiatives with long-term buying and selling potential in a crowded market.

Buyers who purchased early into Pepe Unchained ($PEPU) and Catslap ($SLAP), featured in Upcoming Tokens, have seen features of over 700% and seven,000%, respectively.

BTC Bull Token additionally made the Upcoming Tokens checklist and has already raised $2.75 million in simply two weeks.

🚨 $BTCBULL is Dwell in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new worth ranges.

With built-in incentives for getting, holding, and buying and selling, $BTCBULL offers holders a brand new strategy to stack BTC.… pic.twitter.com/BMzBHcLltU

— Greatest Pockets (@BestWalletHQ) February 10, 2025

Right here’s How To Purchase $BEST Tokens

To get probably the most out of Greatest Pockets, customers ought to maintain $BEST tokens.

Go to the Greatest Pockets presale web site, join your pockets, and buy $BEST, or purchase it straight inside the Greatest Pockets app.

The app affords a number of methods to accumulate $BEST, together with purchases with different cryptocurrencies or a financial institution card. Customers can trade crypto for ETH or USDT for $BEST.

Obtain Greatest Pockets on Google Play or the Apple App Retailer.

Be a part of the dialog on X, Telegram, and Discord.

Study extra about Greatest Pockets.

Greatest Pockets – Diversify Your Crypto Portfolio

• Simple to Use, Characteristic-Pushed Crypto Pockets
• Get Early Entry to Upcoming Token ICOs
• Multi-Chain, Multi-Pockets, Non-Custodial
• Now On App Retailer, Google Play
• Stake To Earn Native Token $BEST
• 250,000+ Month-to-month Lively Customers