• South Korean software giant AhnLab has released a crypto wallet – ABC – for Android and iOS devices.
• The wallet includes a number of security features, such as alerts for crypto threats and fraud, and advanced Secure MPC private key technology.
• AhnLab is just one of many South Korean IT firms that have moved into the crypto space in recent years.

South Korean software giant AhnLab has released a crypto wallet this week – becoming the latest in a long line of the country’s IT players to move into the space. Per iNews24, AhnLab, the largest computer security company in South Korea and the brainchild of the tech entrepreneur and presidential candidate Ahn Chul-soo, has named the wallet ABC.

AhnLab is famous for its V3 antivirus programs and its AlZip file compression solutions. But in recent years, it has indicated that it is prepared to pivot toward blockchain. The company has established a dedicated subsidiary named AhnLab Blockchain Company which has now released the ABC wallet for mobile devices.

The ABC wallet is ready for the challenges of the Web3 era – and comes with a number of security features. These include relaying “crypto threat and fraud”-relating alerts to users based on data “collected by AhnLab and its partners.” ABC also provides “warning” notifications when users attempt to interact with “risky wallet addresses.” The firm also added that it had added advanced “Secure MPC” private key technology to its offering. Instead of a conventional private key, the ABC Wallet gives users three “key shares.” Two of these three must be used in combination to activate signature and recovery functions on the wallet, making it harder for hackers and voice phishing criminals to access the wallet.

Ahn Chul-soo has expressed his support for the world of crypto in the past – and has previously suggested that the government should introduce regulation that is conducive to blockchain growth. AhnLab is one of many South Korean IT firms that have moved into the crypto space in recent years, including Kakao and SK Telecom.

The ABC crypto wallet is available for download now on both Android and iOS devices, and the company has stated that it is committed to providing users with secure and reliable crypto service. AhnLab Blockchain Company will continue to introduce new products and services, and expand its business in the near future.