Cobo, a digital asset custody and wallet technology provider, has launched its Safe{Wallet} co-signing service to strengthen transaction security. The service allows users to independently manage the risk of multi-signature transactions within custody addresses. This development comes after Bybit's recent hacking incident, which resulted in a $1.4 billion loss. Cobo's solution integrates address MPC or Web3 wallet for signature participation and employs separate signature solutions to avoid single-point risks. Safe{Wallet} released a forensic report on the incident, but former Binance CEO Changpeng "CZ" Zhao raised skeptical questions about the report and urged other self-custody wallet providers to learn from this incident.



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