Bitget Wallet has introduced an upgraded authorization detection feature, allowing users to better manage asset permissions and improve security.
Key details
- The new feature enables users to review past DApp and token approvals, assess risks, and revoke unsafe permissions with one tap.
- Authorization risks are categorized as Low, Medium, or High, with common high-risk approvals including unlimited token transfers and NFT transfer rights.
- The upgrade is available in version V8.29, accessible from the wallet’s homepage.
More security measures
Users retain full control over private keys, reducing counterparty risks.
- Multi-Party Computation (MPC) technology and Double Encryption Storage Mechanism (DESM) provide added protection.
- Scans DApps, smart contracts, and websites for phishing and malicious activity.
Industry collaboration
Bitget partners with security firms like CertiK, SlowMist, and GoPlus Security for audits and risk monitoring.
- It also maintains a $625 million Protection Fund, backed by 6,500 BTC, to safeguard users in case of security incidents.
“Security has always been our top priority. With our upgraded authorization detection, MPC technology, and Protection Fund, we set the standard for a safer Web3 experience.”
Alvin Kan, COO, Bitget Wallet
Bitget Wallet supports over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, offering services like swaps, staking, trading tools, and an NFT marketplace.
The upgrade detection is a welcome feature following the news of the hack of Bybit exchange, which saw more than $1 billion siphoned by North Korea’s Lazarus group out of the cryptocurrency exchange. (Read more: Bybit Hack Update Timeline: North Korea’s Lazarus Group Responsible for Largest Crypto Hack in History)
This article is published on BitPinas: Bitget Wallet Enhances Security with Upgraded Authorization Detection
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