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safepal

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SafePal updates on security incident progress: launching anti-phishing actions and will commission a third-party agency to review the order system

The cryptocurrency wallet project SafePal has released updates on the security incident, stating that it is continuously tracking phishing websites and impersonation accounts, and plans to introduce a professional anti-phishing security company to expedite the removal of malicious information to protect user asset security. SafePal mentioned that it is currently in the final selection process among four professional anti-phishing security companies, and once a partner is selected, it will further enhance the efficiency of handling threats such as counterfeit websites and scam accounts.The team is also continuously monitoring whether the affected data has been sold or made public, including channels such as dark web forums and trading markets. Once signs of data leakage are detected, affected users will receive risk alerts immediately. Regarding security audits, SafePal stated that it is in the final selection among three mature independent security institutions, which will conduct a comprehensive security review of the order system. Meanwhile, the team is reassessing the order and logistics processes to reduce the amount of data that needs to be stored in the initial phase of the system, thereby reducing potential risks from the source.For affected users, SafePal stated that it will continue to provide one-on-one assistance through official support channels and will keep updating the fraud protection page, providing updates on the incident, FAQs, and analysis of fraud cases. SafePal once again reminds users: the official will never ask users to provide their seed phrase. Users should not disclose their seed phrase to anyone, should not scan unknown QR codes or click on suspicious links, and should verify the source of information through official channels.

SafePal makes a strategic investment in Swiss bank Fiat24 and collaborates to launch a crypto Visa card and in-app banking services

According to CoinDesk, cryptocurrency hardware wallet provider SafePal announced a strategic investment in Swiss bank Fiat24 on Thursday, opening a banking gateway for users to pay fees with digital assets and transfer funds to other compliant banks.It is reported that the two companies launched a Visa card focused on cryptocurrency and in-app banking services, with the stablecoin USDC pegged to the US dollar as the default deposit currency. Users can exchange their held tokens for USDC through Arbitrum. USDC can be stored as US dollars, euros, and Swiss francs for trading and spending. After completing the KYC and login process in the Fiat24 SafePal mobile wallet application, users can establish a personally owned, fully compliant bank account without paying any account creation or management fees.In addition, after creating a bank account in the SafePal mobile wallet, credentials will be generated in the form of NFTs on the Ethereum-based network Arbitrum, ensuring that all related transactions are securely and transparently recorded on-chain. The crypto Visa card is also connected to third-party payment platforms such as PayPal, Google Pay, Apple Pay, and Samsung Pay. This Visa card will first be launched in parts of Europe, followed by other regions of continental Europe, while the in-app banking gateway will be launched outside the United States and in all non-U.S. sanctioned countries.
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