Safe Wallet Confirms Security Flaw in $1.5 Billion Bybit Hack
The consequences of the recent $1.5 billion Bybit Hack continue to unfold as Safe Wallet confirmed that hackers have leveraged their infrastructure.
The attack reportedly originated from tortured developers, involving a malicious deal that facilitated unauthorized access.
Secure wallet targets $1.5 billion bybit hack
In an official statement, the security wallet clarifies Smart contracts are not damaged In the attack.
“External forensic comments Safety The researchers did not indicate any vulnerabilities in the source code of secure smart contracts or front-end and services, postal read.
Respond to violations, safe wallet have Service resumed exist Ethereum (ETH) Through the main network launched in stages. The team claims to have completely rebuilt and reconfigured its infrastructure while rotating all certificates to prevent future exploitation.
Although guaranteed, users have been urged Be cautious when signing a transaction With the secure wallet implementing other security measures.
The company has also announced an industry-wide plan to improve transaction validation across the ecosystem. Finally, once the investigation concludes, a complete autopsy report is expected.
Despite the guarantee, members of the crypto community are not explained by a secure wallet. Many users, including famous industry figures, criticized it for its inadequacy and ambiguity.
One of the most vocal critics is Changpeng Zhao (CZ). The former CEO of Binance expressed doubts about the handling of secure wallets.
“I usually try not to criticize other industry players, but I still do it occasionally. This update from Safe is not that good. It uses vague language to solve the problem. After reading it, I have more answers than I have,” he said. statement.
Amid his concerns, CZ questioned the security of the developer’s machine, deploying the code to Bybit’s production environmentand how hackers bypass Ledger verification steps. He also asked why the targeted bybit address is violated rather than the address of others managed by a secure wallet.
Another analyst advocates stronger security management. He confirmed that although the smart contract layer is intact, the attack has tampered with the front end. This enables hackers to manipulate transactions.
Analysts describe it as a classic supply chain attack and warn that all user interaction services involving front-end, APIs and similar infrastructures can be at risk.
“The security management model of large/large assets needs to be significantly upgraded,” he Comment.
FBI confirms Lazarus Group behind Bybit Hack
last week, Hackers stole 40,000 ETH from Baybit’s cold wallet. Initially, the report indicated that North Korea Lazarus Group attackednow the FBI has confirmed their involvement.
The Public Service Announcement has identified the operation as a “Trader”.
“Trader participants are doing it quickly and converting some stolen assets into addresses that are spread across multiple blockchains with Bitcoin and other virtual assets. These assets are expected to be further laundered and eventually converted into fiat currencies.” announcement read.
The agency also lists Ethereum addresses related to the group. In addition, it urges virtual asset service providers, including communications, blockchain analytics companies and Decentralized Financing (DEFI) Services,Prevent Transactions connected to the address Participate in money laundering.
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