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Only 6 out of 45 crypto wallet brands have undergone penetration testing: Report

Published 08/09/2023, 01:15 PM
Updated 08/09/2023, 03:00 PM

A July report from cybersecurity certification platform CER found that only six of 45 cryptocurrency wallet brands, or 13.3%, have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on the latest versions of their products.

The three brands that have done up-to-date penetration tests are MetaMask, ZenGo and Trust Wallet, according to the report. Rabby and Bifrost performed penetration testing on older versions of their software, and Ledger Live did it on an unknown version (listed as “N/A” in the report). All other brands listed did not provide any evidence of having done these tests.

CER rankings for wallet security. Source: CER

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