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CroSwap Upgrades Multisig Wallets With Gnosis Safe Service for Cronos
September 12, 2022
MINS
CroSwap will integrate Gnosis Safe Multisig wallets to its private launchpad to help secure users' assets on Cronos Chain.
Multisig Wallets Security for Cronos Users
CroSwap Decentralized Exchange (DEX) has partnered with Gnosis Safe to offer users a more secure ecosystem through its 'Multisig wallets' solution for their assets on Cronos.
"Multisig wallets are an additional security protocol for projects that want to decrease the risks and/or likelihood of unauthorized transactions or any other potential illicit/immoral activity occurring," the CroSwap team told Web3Wire.
Gnosis Safe is a trusted platform for managing digital assets on Ethereum, with a "Safe Multisig" service that connects numerous project members to a given wallet. With the Multisig wallets solution, multiple team members must approve a transaction before it happens. This ensures that one single team member cannot compromise users' funds.
According to CroSwap’s official announcement on Sept. 11, the DEX will integrate Gnosis Safe Multisig to its private launchpad, ensuring that all projects implement the solution to offer users more security and protection on Cronos. The CroSwap team spoke to Web3Wire about the importance of the integration for individuals and projects.
"For individuals looking to add ways to protect their own crypto assets, multisig wallets allow individuals to set up signatories for assets/funds to reduce the chance of losing them,” the team said.
Individuals who set up signatories with Gnosis can give access to family members or any other trusted party to keep their assets safe and secure. Generally, Multisig wallets integration through the Gnosis Safe partnership will keep assets more secure for individuals and projects. Most importantly, it also ensures that funds are not lost forever if something happens to the asset owner.
What is CroSwap DEX:
CroSwap is an exclusive Automated Market Maker (AMM) based DEX built on the fast-growing Cronos network. The DEX offers numerous product suites and services for users on Cronos, such as Yield Farming, Liquidity Pools, Oracle Service, and more.
Visit the following links to learn more about the project:
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro
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December 6, 2023
The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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