- Shiba Inu developers are launching a cold wallet aimed at enhancing the security of users’ assets.
- The cold wallet will boast cutting-edge technology and an attractive design, making it an essential tool for long-term investors amid rising cyber threats.
The Shiba Inu community has recently been abuzz with the news of a custom cold wallet set to launch in the near future. As per an update on the Shibarium Discord server, developers are partnering with Huobi and Certik to introduce a specialized cold wallet for SHIB holders.
The cold wallet is expected to feature state-of-the-art security protocols alongside a captivating design, making it an excellent option for storing SHIB assets over the long term. This is especially pertinent in light of the growing security threat in the crypto industry.
More About SHIB Cold Wallet
According to Certik’s latest quarterly report, cybercriminals stole $320 million in crypto assets during Q1 of 2023. Similarly, the Bitrue hack earlier this month resulted in the theft of 172 billion SHIB tokens.
In response to such threats, a cold wallet secured by advanced technologies is an essential tool for long-term investors. Its introduction marks another milestone for the SHIB ecosystem and has further piqued anticipation from the Shiba Inu (SHIB) community. Thereby, the community eagerly awaits other upcoming initiatives such as Shibarium, ShibaSwap 2.0, and Shiba Inu: The Metaverse.
Although details on the project’s progress remain scant at present, its launch will support the SHIB ecosystem more securely. The cold wallet is slated for release sometime later this year. The features of a cold wallet will bring enhanced security to SHIB holders everywhere. The imminent introduction of a cold wallet is a major milestone that will bring enhanced security to users’ assets.
The cold wallet is expected to feature cutting-edge security protocols as well as an attractive design. This will make it an essential tool for long-term Shiba Inu holders in light of the rising threats in the crypto industry.
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