Safe wallet enhances security features after Bybit hack

Multisig Ethereum portfolio, Safe Wallet, has announced that it will gradually restore its services with improved security features within 24 hours.

This comes after the hacking of a balance sheet of $ 1.4 billion which exploited A masked URL and manipulation of contractual logic to empty the cold portfolio of the exchange. On a post of February 24 X, SAFE confirmed that it will resume progressive deployment while implementing additional security measures.

To increase its security features, SAFE introduces stricter validation measures, improved surveillance warnings and more security controls. The purpose of these updates is to stop similar exploits in the future, even if they can lead to a little longer transaction time. Users have been warned by the team to be looking for transaction data before signing.

Safe had previously confirmed that even if his front was not compromised, he took additional precautions. The portfolio temporarily interrupted Certain features, including the integration of the large native book, because the signature method compromised in the bybit attack involved a large book device.

After the hack, the main blockchain entities have joined forces with answer At the attack. Bybit revealed on February 23 that $ 42.89 million had been frozen. Tether, Thorchain, ChangeNow, Fixedfloat, Avalanche, Coinex, Bitget and Circle have all played a role in identifying and blocking addresses on black list, frost of stolen active ingredients and helping the movements of the attacker.

A butcherY On 10% of the active assets, or 140 million dollars, are offered by Bybit to security professionals and ethical pirates who help recover stolen parts. The exchange has confirmed that deposits and withdrawals are now fully operational, as verified by the data on the chain.