🚀 Ethereum Foundation Transfers 1000 ETH to Multisig Wallet
#EthereumFoundation #ETH #MultisigWallet #BlockBeats #DAI
According to BlockBeats, on September 6, Lookonchain monitoring revealed that the Ethereum Foundation transferred 1000 ETH to a multisig wallet starting with 0xbC9a approximately 15 minutes ago. Based on previous transaction patterns, it is anticipated that this multisig wallet will transfer the ETH to another wallet starting with 0xd779 and subsequently convert it into DAI.#EthereumFoundation #ETH #MultisigWallet #BlockBeats #DAI
🚀 Bybit Suffers $1.5 Billion Loss in Multisig Wallet Attack
#Bybit #MultisigWallet #SecurityBreach #Cryptocurrency #SlowMist #CyberAttack #BlockchainSecurity #CryptoLoss #SocialEngineering #SafeWallet
According to PANews, the security team at SlowMist has reported that on February 21, Bybit's multisignature wallet was compromised, resulting in the theft of nearly $1.5 billion through a 'legitimate signature' transaction. The attackers employed social engineering tactics to gain multisignature access and used the delegatecall function of the Safe contract to insert malicious logic, bypassing the multisignature verification process to transfer the funds.
The Safe wallet introduced a Safe Guard mechanism in version 1.3.0, which allows for detailed security checks on transactions, such as whitelist verification and restrictions on high-risk operations. However, Bybit was using version 1.1.1, which did not include this critical feature. The SlowMist team suggested that if Bybit had upgraded to version 1.3.0 and properly configured the Guard mechanism, the loss might have been prevented.#Bybit #MultisigWallet #SecurityBreach #Cryptocurrency #SlowMist #CyberAttack #BlockchainSecurity #CryptoLoss #SocialEngineering #SafeWallet
🚀 Cetus Protocol Advances Recovery After Hack with Multisig Wallet Transfer
#CetusProtocol #SuiEcosystem #DecentralizedExchange #MultisigWallet #CryptoRecovery #BlockchainSecurity #CommunityEngagement #HackIncident #CETUS #SUI
According to Odaily, the decentralized exchange Cetus Protocol, part of the Sui ecosystem, has announced progress in its recovery process following a recent hack. The funds previously isolated on the Sui network have been securely transferred to a multisig trust wallet managed jointly by Cetus, the Sui Foundation, and OtterSec. This marks the next phase in the recovery efforts.
To keep the community informed and engaged, Cetus Protocol plans to hold a Space meeting on June 2, where they will review the details of the hacking incident and share updates on the recovery progress.#CetusProtocol #SuiEcosystem #DecentralizedExchange #MultisigWallet #CryptoRecovery #BlockchainSecurity #CommunityEngagement #HackIncident #CETUS #SUI
🚀 Vitalik Discusses Multisig Wallet Address Confirmation on X Platform
#Vitalik #MultisigWallet #AddressConfirmation #XPlatform #Etherscan #SafeApp #OpenSource #PrivacyProtection #WalkawayTest #Blockchain #PrivacyFriendly #ViewKey #BlockExplorers #ETH
Vitalik recently shared insights on the X platform regarding the confirmation of multisig wallet signer addresses without the Safe application installed on his mobile device. According to Odaily, he utilized Etherscan to locate the address and employed the 'read contract' feature to obtain the necessary information directly. Vitalik emphasized that if wallets or applications remain open-source and pass a 'walkaway test,' users can enjoy a better experience. In scenarios where the Safe website is not directly usable, providing alternative solutions can be beneficial for users.
Due to privacy protection needs, these workflows may eventually change. An equivalent privacy-friendly approach involves users saving a 'view key' containing additional private information. Block explorers can support this feature by placing private information in the URL's tag section, ensuring it remains within the application client. However, considering the risks associated with users pasting keys in URLs or web pages, more operations will ultimately need to be completed directly through the wallet.#Vitalik #MultisigWallet #AddressConfirmation #XPlatform #Etherscan #SafeApp #OpenSource #PrivacyProtection #WalkawayTest #Blockchain #PrivacyFriendly #ViewKey #BlockExplorers #ETH
🚀 UXLINK Attacker Converts 5,496 ETH to 11 Million DAI Following September Hack
#UXLINK #ETH #DAI #CryptoHack #CryptoAttack #BlockchainSecurity #CryptoLoss #MultiSigWallet #NS3AI #SeptemberHack
The UXLINK attacker has converted 5,496 ETH into approximately 11 million DAI. According to NS3.AI, this transaction is connected to the UXLINK hack that occurred on September 22, 2025, which was caused by a compromised multi-signature wallet. The attack led to losses surpassing $44 million.#UXLINK #ETH #DAI #CryptoHack #CryptoAttack #BlockchainSecurity #CryptoLoss #MultiSigWallet #NS3AI #SeptemberHack