Cobo Insider — Issue 02
August 21, 2024
Events & Happenings
Event Highlight: Cobo Portal – Redefining Digital Asset Custody
On July 17, we hosted a landmark event at The Westin Singapore, introducing Cobo Portal to hundreds of industry leaders. This major platform upgrade represents a significant leap in digital asset custody and management.
Co-hosted by industry leaders including Babylon, Deribit, Figment, HashKey Wealth, Legend Trading, Stella Pay, Solv Protocol, and 57Blocks, the event brought together a wealth of knowledge and diverse perspectives as well as sparked a fusion of innovative ideas. Let's revisit these key moments together!
Partnerships
Cobo Will Integrate Swell, Expanding DeFi Offerings
Cobo has partnered with Swell, a leading liquid restaking protocol, to offer Cobo Portal users better DeFi yield opportunities. Through this integration, users will be able to maximize their liquid staking and restaking rewards with Swell’s liquid staking and restaking tokens – swETH and rswETH – while maintaining enterprise-grade security. Read more here.
Cobo Partners RD Technologies to Drive the Adoption of Hong Kong Dollar Stablecoin (HKDR)
Cobo has partnered with RD Technologies to support the launch of the Hong Kong Dollar Stablecoin (HKDR). As a preferred wallet partner, Cobo will leverage its expertise to explore HKDR applications with RD Technologies, who has been approved by the Hong Kong Monetary Authority to test the stablecoin for digital asset trading and cross-border payments. Read more here.
Blog
WazirX Hack Incident Analysis by Cobo's Security Team
On July 18, WazirX suffered a significant cyberattack resulting in the theft of approximately $230 million in digital assets. The attackers exploited a vulnerability in the exchange's multi-signature wallet system by deceiving signatories into approving a malicious smart contract upgrade. This analysis, conducted by Cobo's security team based on available information, provides insights into the incident but may contain inaccuracies or omissions. Find out more about the incident analysis here.
