⚡️ The Swiss crypto bank Sygnum🇨🇭 launches a solution to recover Web3 wallets with Safe

⚡️ The Swiss crypto bank Sygnum🇨🇭 launches a solution to recover Web3 wallets with Safe

An interesting advancement in the world of cryptocurrencies... If a user loses their signing key, the new module can restore access to their wallet.

▶️ The integration between Sygnum and Safe{RecoveryHub} focuses on providing autonomous storage that is secure and compliant with regulations.

▶️ Sygnum acts as the restorer in the recovery process. This approach surpasses traditional "social recovery" methods, where individuals rely on friends, family, or backup devices. However, the entire process occurs solely with the user's approval, who can also cancel any action by exercising their on-chain veto rights.

▶️ Users can enhance security by assigning multiple restorers and setting up delay modules.

▶️ According to the official statement, over 900,000 ETH (approximately $1.92 billion USD) is currently inaccessible, largely due to lost or incorrect keys.

▶️ The product is designed for both individual and corporate clients.

#news #crypto

🏦 Payouter.com – trusted payment partner for CIS & India 🇮🇳: 1-click UPI, P2P, IMPS. Up to 87% conversion.