Bybit News: Best Wallet Presale Approaches $11m Mark, Emphasizes Self-Custody in Wake of Bybit Hack

In the wake of the Bybit hack, the need for secure and reliable self-custody solutions has never been more apparent. One cryptocurrency wallet that is stepping up to meet this demand is Best Wallet, whose presale has raised nearly $11 million and is emphasizing the importance of self-custody.

Best Wallet Presale Raises Nearly $11m, Emphasizes Self-Custody Solution After Bybit Hack

The Best Wallet ($BEST) presale has raised approximately $10.93 million, nearing the $11 million mark. Its native token, $BEST, is currently priced at $0.0243 per token for the next 30 hours. Once the $11 million milestone is hit, fundraising efforts could soon wrap up. The Bybit hack has highlighted the need for self-custody solutions, and Best Wallet is emerging as a leader in this space due to its enhanced security and advanced capabilities compared to existing alternatives.

OKX Denies Laundering Stolen ETH from Bybit Hack

OKX has refuted allegations of aiding Bybit hackers in laundering funds. Specifically, OKX leadership denied claims of laundering part of Bybit’s $1.5 billion stolen Ethereum [ETH] through its DEX aggregator platform (OKX Web3 wallet). Star Xu, OKX Founder, and CEO, termed the reports as “incorrect” and “misleading.” Xu also mentioned that the firm was open to collaborating with global regulators on Web3 policy.