BNB Chain has announced the discontinuation of its native multi-signature wallet service, urging users to migrate their funds to Safe Global before the deactivation deadline. This transition is part of a broader strategy to improve security, cross-chain compatibility, and alignment with the Ethereum Virtual Machine (EVM) ecosystem. Users must complete the migration to avoid potential disruptions, as the legacy wallet will sunset in the coming weeks.
The migration process, which is now live, preserves existing security thresholds, ownership structures, and transaction histories. However, some transaction details may not appear immediately until the new contract synchronizes. Users can initiate migration through the Safe interface by connecting a signer wallet, importing the old Safe configuration, and following prompts to update the base contract. BNB Chain developers emphasized that all required signers must approve the migration transaction, and external tools like Safe Utils can be used for verification.
Originally launched in October 2023 and built on the Gnosis Safe protocol, the BNB multi-sig wallet required multiple private keys for transaction approvals, enhancing security for project treasuries and DAO funds. Safe Global, already integrated with BNB Smart Chain, supports various EVM-compatible networks, facilitating a smoother transition. This move allows BNB Chain to focus on scalability and ecosystem innovation while leveraging external partners for optimized infrastructure.
