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Bybit's post-mortem analysis of its recent security breach identifies Safe's infrastructure as the exploitation point, sparking discussions on tightening current security protocols.
What’s the Scoop?
Safe Infrastructure Breached: Bybit’s investigation into its massive $1.4 billion hack reveals that Safe’s wallet was the point of failure. Hackers replaced the wallet’s legitimate user interface with a deceptive "fake frontend" containing malicious code, which tricked users into approving the theft of funds from Bybit’s secure offline storage.- Security Measures Questioned: The revelation has sparked widespread debate about the reliability of Safe’s widely trusted system, with many wondering if multisig wallets are as secure as once thought.
- Call for Improved Protocols: The breach has ignited urgent demands for stronger security frameworks, with experts and users pushing for enhanced verification processes and a rethink of blind-signing vulnerabilities.
— Safe.eth (@safe) February 26, 2025
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