Join Our Telegram channel to stay up to date on breaking news coverage
A massive security breach at Coinbase that could cost it up to $400 million is prompting investors to reconsider how they store their crypto assets.
The US’s biggest crypto exchange said bad actors bribed its “contractors or employees” to gain access to customer data, and demanded a ransom payment of $20 million after threatening to leak the information.
While Coinbase said it won’t pay the ransom and that less than 1% of its monthly transacting users’ data was affected by the attack, the exchange said in a Securities and Exchange Commission (SEC) filing that it could cost between $180 million and $400 million in reimbursements and other expenses.
The incident is prompting investors to look for decentralized, non-custodial Web3 wallets to house their digital assets.
The Best Crypto Wallet To Hit The Market Offers Everything Crypto Investors Need
Many had already turned to Best Wallet, a Web3 wallet that has seen its user base explode in the last few months.
From just a single app, users can grow, secure, and manage their crypto holdings. Best Wallet’s suite of useful features include an in-app swap solution, a native staking platform, and the ability to consolidate multiple wallets all within a single platform.
What’s more, Best Wallet also offers support for over 60 public blockchains and the thousands of cryptos on them.
🚀 Best Wallet is Upgrading to Multi-Chain Wallets! 🚀
We’re excited to announce a major upgrade to our wallet, bringing enhanced security, exciting new features, and future support for over 50 major blockchains!
Bitcoin is now live in Best Wallet! Manage $BTC alongside… pic.twitter.com/79UxFVZIv3
— Best Wallet (@BestWalletHQ) February 25, 2025
Of all of the app’s features, one is gaining outsized recognition from industry experts, and that is its “Upcoming Tokens” section.
This handy feature flags high-potential cryptos still in their early stages, and has already flagged to its users cryptos like Catslap (SLAP) and Pepe Unchained (PEPU), meme coins that went on to deliver massive gains for early investors.
Buy BEST For Possible 10X Gains And Extra Perks
YouTube channel 99Bitcoins, with over 724K subscribers, has also flagged the app’s native BEST token as a possible 10X opportunity.
Many crypto investors seem to agree with 99Bitcoins, and have already pumped over $12.3 million into the BEST presale.
To reward its backers, BEST gives its token holders access to higher staking rewards, lower transaction fees, early access to new projects, as well as the opportunity to participate in the project’s governance.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage