ByBit Breach Highlights Demand for Self-Custody as Web3 Wallets Top $10.5M in ICO Funding

Finest Pockets’s ($BEST) funding achievement continues to make headlines week after week as it reached $10.5 million on Monday.

The latest influx of funds into its presale follows the ByBit hack, which resulted in $1.4 billion being stolen from the exchange.

This highlights the increasing interest in self-custody wallets as a more secure method to protect digital assets.

Finest Pockets not only offers this security but also features that have made it a preferred choice among investors in less than a year.

Currently, Finest Pockets’s funding stage prices each token at $0.0241 for the next 11 hours before the next round raises the price.

With the presale running for over three months, Finest Pockets may be approaching its funding target. Missing out now—while $BEST is at one of its lowest prices—could be akin to passing on a presale for a superior version of MetaMask.

ByBit aftermath drives the transition to non-custodial solutions like Finest Pockets

Dubai-based ByBit experienced a hack on February 21 that compromised its ETH cold wallet.

The perpetrator, believed to be North Korea’s Lazarus Group, utilized a “masked” URL to deceive signers into believing it was legitimate by Secure.

By altering the contract logic, the hacker was able to gain control of the cold wallet.

In response to the attack, ByBit acted swiftly to restore its ability to back investor assets 1:1.

According to Lookonchain, the exchange received 446,870 ETH—valued at $1.23 billion at current prices—through loans, large deposits, and ether purchases over the past two days.

Since being hacked, #Bybit has obtained ~446,870 $ETH($1.23B) through loans, whale deposits, and ETH purchases.#Bybit has nearly closed the gap. pic.twitter.com/0oz3ytLi4X

— Lookonchain (@lookonchain) February 24, 2025

The incident underscores the growing sophistication of hacks targeting multi-signature cold storage solutions.

Former Binance CEO CZ noted that despite using different multi-sig providers, both WazirX and Phemex experienced similar breaches, highlighting the increasing risks in the industry.

CZ emphasized the necessity for users to safeguard their assets, referencing a 2020 article he authored on the fundamentals of doing so.

Last week, he also advocated for using wallets for daily crypto transactions instead of relying solely on exchanges, which remain prime targets for attacks.

Some thoughts on the recent hack(s).
There’s a pattern where hackers have been able to steal large amounts of crypto from multi-sig “cold storage” solutions, as with ByBit, Phemex, WazirX, and possibly others. In the latest ByBit case, the hackers were able to make the…

— CZ BNB (@cz_binance) February 22, 2025

Amid these events, the new non-custodial Web3 wallet Finest Pockets has experienced a surge in presale purchases, bringing it closer to its funding goal.

This influx of new capital is not solely due to the crypto wallet’s self-custody features, which help investors avoid exchange-related risks, but also because of its advanced functionalities, distinguishing it from older-generation wallets in the space.

The Finest Pockets advantage extends beyond security to advanced transaction capabilities

Finest Pockets has established a strong reputation, attracting over 500,000 users since its launch less than 12 months ago.

A significant portion of its success stems from its advanced features, which are increasingly valuable in today’s crypto market.

In terms of transactions, Finest Pockets excels with lower fees, making it highly competitive. Users can further benefit from reduced costs by holding $BEST tokens.

Its extensive integration with over 200 decentralized protocols and 20 cross-chain bridges also ensures rapid transaction speeds.

Finest Pockets is also a leader in on-ramping, providing users with quick and easy conversion of over 100 fiat currencies to crypto at the lowest exchange rates and processing fees available in the market.

As the recent ByBit hack illustrated, reliance on exchanges can induce market panic, making self-custody options more appealing.

Beyond performance, Finest Pockets prioritizes user experience with a straightforward, intuitive UI and streamlined transactions.

Its multichain capabilities stand out in two significant ways: users can easily import and manage multiple wallets within the app and seamlessly execute cross-chain transactions.

Need to import your wallet into Finest Pockets? Here’s how.
Watch our step-by-step tutorial on how to import all of your wallets into Finest Pockets and manage everything in one place.
This video will show you:
How to import your existing wallets
How to manage multiple wallets… pic.twitter.com/j133Pb0Gzb

— Finest Pockets (@BestWalletHQ) February 23, 2025

One emerging crypto project utilizing these features is BTC Bull Token, which allows holders to earn Bitcoin as if they were operating mining activities.

By securing the ERC-20 token $BTCBULL, users receive $BTC airdrops—all within a single app.

Gaining the alpha in trading through Upcoming Tokens

One of Finest Pockets’s notable features is its ability to provide users with a trading advantage.

While CZ suggests that exchanges should be reserved for experienced traders, Finest Pockets could eliminate the need for them entirely as, in addition to facilitating efficient daily transactions, it enables users to trade directly within the app.

Furthermore, its Upcoming Tokens feature further distinguishes it by identifying promising projects with long-term trading potential in a crowded market.

Investors who entered early into Pepe Unchained ($PEPU) and Catslap ($SLAP), highlighted in Upcoming Tokens, have seen gains of over 700% and 7,000%, respectively.

BTC Bull Token also made the Upcoming Tokens list and has already raised $2.75 million in just two weeks.

$BTCBULL is Live in Upcoming Tokens! @BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin reaches new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL offers holders a new way to accumulate BTC.… pic.twitter.com/BMzBHcLltU

— Finest Pockets (@BestWalletHQ) February 10, 2025

How and where to acquire $BEST

To maximize the benefits of Finest Pockets, users should hold $BEST tokens.

Visit the Finest Pockets presale website, connect your wallet, and purchase $BEST, or buy it directly within the Finest Pockets app.

The app provides multiple methods to acquire $BEST, including purchases with other cryptocurrencies or a bank card. Users can exchange crypto for ETH or USDT for $BEST.

Download Finest Pockets on Google Play or the Apple App Store.

Join the conversation on X, Telegram, and Discord.

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