New information about the $1.46 billion hack on the cryptocurrency exchange Bybit a few days ago has emerged.
According to findings from a forensic audit shared by Bybit, the hack was not the exchange’s fault but the fault of SAFE’s servers.
According to an earlier post from Bybit CEO Ben Zhou, blockchain security firms Sygnia Labs and Verichains conducted the forensic examination.
SAFE Server Compromise
Habeeb, a managing partner with Dragonfly, pointed out that the scammers “hot swapped the Gnosis SAFE UI with JS code that ONLY targeted Bybit’s cold wallet.”
Similarly, SAFE released a statement admitting that a compromised wallet developer machine caused the hack.
This move, which resulted in a disguised malicious transaction proposal, is believed to be the work of the Lazarus Group.
In addition, SAFE claimed that the forensic review conducted by external security researchers did not discover any vulnerabilities in its smart contracts.
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