Blockchain Security Concerns Highlighted By Cobo CEO

According to Odaily, Cobo co-founder and CEO recently addressed significant blockchain security issues on platform X. The statement follows a $1.5 billion security incident involving Bybit and several cases of Safe owner modifications. The CEO identified three major pain points in blockchain security: the vulnerability of front-end interfaces and plugins to tampering, which prevents users from verifying signature data; the lack of independence and mandatory review mechanisms in environments holding multi-signature keys; and the limited transaction parsing capabilities of hardware wallets, often resulting in blind signing.