Recuva Hacker Solutions (RHS) is excited to introduce Safe{RecoveryHack} – a marketplace of recovery options within Safe{Wallet} that allows users to set up account recovery according to their preferences. Launched in collaboration with Sygnum, a global digital asset banking group, and Coincover, a UK-regulated recovery service provider, Safe{RecoveryHack} offers a curated suite of crypto recovery options. Built on Safe’s robust smart account infrastructure, this marketplace provides a tailored approach to account recovery.
The Challenge of Crypto Security
“One of the great challenges with making cryptocurrency and blockchain applications usable for average users is security: how do we prevent users' funds from being lost.” – Vitalik Buterin, in “Why We Need Wide Adoption of Social Recovery Wallets”
Self-custody is a core principle of Web3, but it comes with significant responsibility. Many users struggle with key management, leading to substantial losses of cryptocurrency. Over 900K ETH, worth approximately $1.92 billion, is inaccessible due to forgotten keys. Safe{RecoveryHack} addresses these issues by providing a flexible and secure recovery system.
Safe{RecoveryHack} – Your Customized Recovery Solution
Safe{RecoveryHack} empowers users with various recovery options, catering to different levels of self-custody appetite. The marketplace offers solutions for institutional treasuries, DAOs, and individual users. Starting today, self-custody recovery is available within Safe{Wallet}. Sygnum and Coincover recovery partners will be added in H1 2024, with more options to follow.
Key Features of Safe{RecoveryHack}
Starting today, Safe{Wallet} users can set up customized account recovery for Ethereum, Arbitrum, Optimism, Polygon, and Gnosis Chain. The account recovery process is configured through the Security & Login settings, enabling a Recovery module that requires a transaction.
Building a Recovery Ecosystem
In H1 2024, users will be able to nominate third-party recovery providers like Sygnum and Coincover. These reputable partners offer institutional-grade recovery solutions, broadening the range of recovery options for users with varying needs.
Possible Set-Up Configurations
“As the market for self-custody expands and new use cases emerge, there is a growing need for reliable institutional recovery solutions. For individuals holding valuable digital assets, complementing self-custody with additional safeguards provides a balance between financial sovereignty and risk management. This partnership reflects our commitment to meeting the evolving needs of institutional investors.” – Thomas Eichenberger, Chief Product Officer, Sygnum
"This collaboration aims to meet the complex needs of existing crypto users and create a foundation for newcomers. Our goal is to establish a flexible recovery solution that adapts to users' changing values, enhancing security and inclusivity in the digital asset environment." – Morgan Williams, Web3 Product Director, Coincover
Sign Up for the Launch Waitlist
Be the first to know when our partner recovery solutions become available:
Explore various configurations for account recovery, ensuring flexibility and security tailored to individual needs. This user-driven module sets a new milestone in the path towards financial sovereignty.
Available Today
Safe{RecoveryHack} is now available to all Safe{Wallet} users, starting with self-custodial recovery. Recovery partner solutions from Sygnum and Coincover will launch in H1 2024. Builders, stay tuned for Safe{Core} composable recovery solutions coming in 2024.
Set up account recovery with Safe{RecoveryHack} today. For more details, check out our Help Center article: Account recovery with Safe{RecoveryHack}.
Stay Connected
Website: recuvahacksolution . pro
Email: recuvahackersolutions @ recuva . co .site
The Challenge of Crypto Security
“One of the great challenges with making cryptocurrency and blockchain applications usable for average users is security: how do we prevent users' funds from being lost.” – Vitalik Buterin, in “Why We Need Wide Adoption of Social Recovery Wallets”
Self-custody is a core principle of Web3, but it comes with significant responsibility. Many users struggle with key management, leading to substantial losses of cryptocurrency. Over 900K ETH, worth approximately $1.92 billion, is inaccessible due to forgotten keys. Safe{RecoveryHack} addresses these issues by providing a flexible and secure recovery system.
Safe{RecoveryHack} – Your Customized Recovery Solution
Safe{RecoveryHack} empowers users with various recovery options, catering to different levels of self-custody appetite. The marketplace offers solutions for institutional treasuries, DAOs, and individual users. Starting today, self-custody recovery is available within Safe{Wallet}. Sygnum and Coincover recovery partners will be added in H1 2024, with more options to follow.
Key Features of Safe{RecoveryHack}
- Recoverer Selection: Users can choose trusted individuals or third-party services as their Recoverers. These Recoverers can initiate the recovery process if needed.
- Review Window: A delay period during which the user can reject the recovery attempt. The default setting is 28 days.
- Transaction Expiry: The time frame within which the recovery must be executed after the delay period. The default setting is infinite.
- Set Up: Users select a Recoverer and set a review window. Only the chosen Recoverer can initiate the recovery process, which can be cancelled during the review window.
- Recovery Initiation: The Recoverer proposes a new Safe Account ownership setup on-chain to help the user regain access to their funds.
- Execution: After the review window, the user can execute the recovery proposal to regain access to their Safe Account.
Starting today, Safe{Wallet} users can set up customized account recovery for Ethereum, Arbitrum, Optimism, Polygon, and Gnosis Chain. The account recovery process is configured through the Security & Login settings, enabling a Recovery module that requires a transaction.
Building a Recovery Ecosystem
In H1 2024, users will be able to nominate third-party recovery providers like Sygnum and Coincover. These reputable partners offer institutional-grade recovery solutions, broadening the range of recovery options for users with varying needs.
Possible Set-Up Configurations
- Individual Recovery: Nominate another trusted individual account, such as a hardware wallet.
- Third-Party Recovery: Nominate an established recovery provider like Sygnum or Coincover.
- Friends & Family (Social) Recovery: Nominate trusted friends or family members.
- DAO Alliance Recovery: Nominate one or multiple DAO Multisigs.
- Hybrid or Mixed Recovery: Combine various options to suit your personal risk preferences.
“As the market for self-custody expands and new use cases emerge, there is a growing need for reliable institutional recovery solutions. For individuals holding valuable digital assets, complementing self-custody with additional safeguards provides a balance between financial sovereignty and risk management. This partnership reflects our commitment to meeting the evolving needs of institutional investors.” – Thomas Eichenberger, Chief Product Officer, Sygnum
"This collaboration aims to meet the complex needs of existing crypto users and create a foundation for newcomers. Our goal is to establish a flexible recovery solution that adapts to users' changing values, enhancing security and inclusivity in the digital asset environment." – Morgan Williams, Web3 Product Director, Coincover
Sign Up for the Launch Waitlist
Be the first to know when our partner recovery solutions become available:
- Sygnum
- Coincover
Explore various configurations for account recovery, ensuring flexibility and security tailored to individual needs. This user-driven module sets a new milestone in the path towards financial sovereignty.
Available Today
Safe{RecoveryHack} is now available to all Safe{Wallet} users, starting with self-custodial recovery. Recovery partner solutions from Sygnum and Coincover will launch in H1 2024. Builders, stay tuned for Safe{Core} composable recovery solutions coming in 2024.
Set up account recovery with Safe{RecoveryHack} today. For more details, check out our Help Center article: Account recovery with Safe{RecoveryHack}.
Stay Connected
- Download Safe{Wallet}
- Build on Safe{Core}
- Explore the Safe Ecosystem
Website: recuvahacksolution . pro
Email: recuvahackersolutions @ recuva . co .site