In the light of the recent #crypto wallet hacks widely covered in the news, we wanted to set the record straight – and put our money where our mouth is!
We just challenged people to hack 2 crypto wallets and steal $100. 1 wallet was hacked successfully ($100 stolen). Spoiler – not ZenGo's. This is why >
Most crypto wallets rely on a private key or secret seed phrase. This single point of failure renders them vulnerable to a wide range of hacks and key phishing attacks.
ZenGo is different, and leverages advanced #MPC technology normally used by billion-dollar institutions. With no single point of failure, ZenGo wallets are much less vulnerable.
Learn why: https://zengo.com/demystifying-icloud-security-and-wallets Hope this helps shed light on some differences between Non-Custodial wallets!
