Safe Wallet, the Ethereum multisignature wallet security provider that temporarily paused certain functionalities following Bybit Hack, announced this morning that it has added an additional layer of security measures.
Aiming for a phased roll-out within the next 24 hours, the step comes as a part of Safe Wallet’s ongoing improvisation and protective efforts since the crypto industry witnessed the biggest $1.5 billion Bybit hack in its history.
Raising doubts on Safe’s Infra following Bybit Hack
Since Bybit’s Ethereum cold wallet was secured by Safe Wallet’s multisignature technology, the vulnerabilities of its infrastructure have been coming into limelight with the users and crypto leaders themselves questioning its security infrastructure.
The breach that occurred during a routine tranfer from Bybit’s cold wallet to a warm wallet involved hackers manipulating the signing process to gain control over the cold wallet.
The attackers while transferring assets into an unknown a
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