🚀 Safe VP Highlights EIP-7702 Progress At Abstract Summit
#Safe #EIP7702 #AbstractSummit #accountabstraction #smartcontracts #EOA #wallets #userbehavior #blockchain
According to Odaily, Safe's Vice President of Growth, Andre Geest, discussed the advancements in account abstraction at the Abstract Summit today. Geest highlighted EIP-7702 as one of the most exciting developments. This proposal introduces a new transaction type that allows externally owned accounts (EOAs) to temporarily function as smart contract wallets in a single transaction. Geest emphasized that changing user behavior is challenging, making upgrading existing systems the most convenient option. This approach enables users to continue using their current wallet addresses without the need for complex migration processes.#Safe #EIP7702 #AbstractSummit #accountabstraction #smartcontracts #EOA #wallets #userbehavior #blockchain
🚀 Sygnum Becomes First Bank To Support Web3 Wallet Recovery
#Sygnum #Web3 #walletrecovery #cryptocurrency #blockchain #Safe #multisignature #financialservices
According to Odaily, Sygnum has announced that it is the first bank to support Web3 wallet recovery, allowing users to access their cryptocurrencies even if they lose their signature keys. The team stated, 'Through a partnership with multi-signature wallet provider Safe, Sygnum now acts as a designated 'recoverer,' enabling users to approve Sygnum Web3 recovery to regain access in case of wallet loss.'#Sygnum #Web3 #walletrecovery #cryptocurrency #blockchain #Safe #multisignature #financialservices
🚀 1kx Introduces ZkSafe To Enhance Privacy In Safe Multisig
#1kx #zkSafe #privacy #multisig #Safe #Ethereum #Base #BSC #Polygon #Gnosis #Arbitrum #Optimism #Scroll #Sepolia
According to Foresight News, 1kx has recently launched a privacy tool named zkSafe, designed to enhance the privacy module of Safe multisig. With zkSafe, Safe owners can collectively sign transactions without revealing the identity of the signers. In addition to its privacy benefits, the zkSafe module's backend-free Safe UI allows developers to seamlessly use Safe on forked chains. Currently, zkSafe has been deployed on Ethereum, Base, BSC, Polygon, Gnosis, Arbitrum One, Optimism Mainnet, Scroll, and Sepolia.#1kx #zkSafe #privacy #multisig #Safe #Ethereum #Base #BSC #Polygon #Gnosis #Arbitrum #Optimism #Scroll #Sepolia
🚀 Safe Addresses Security Concerns Following Bybit Wallet Incident
#Safe #Bybit #Wallet #Security #MultiSignature #Audit #Incident #MaliciousTransactions #Codebase
According to Foresight News, the multi-signature wallet protocol Safe has confirmed that all transaction information for Bybit wallets is accurately displayed on the front end, including the execution of malicious transactions with all signatures. Safe reported no leaks in its codebase or malicious dependencies, and no other Safe addresses have been affected. Following the incident, Safe has temporarily suspended its Wallet functionality to thoroughly inspect service configurations and replace infrastructure credentials. The company is also collaborating with external security researchers to audit its codebase.#Safe #Bybit #Wallet #Security #MultiSignature #Audit #Incident #MaliciousTransactions #Codebase
🚀 🔥 ByBit CEO Ben Zhou Backs CZ’s Security Approach, Defends Withdrawal Decision 🔥
#ByBit #CZ #Binance #security #crypto #ETH #withdrawals #coldwallet #Safe #industrysupport #resilience #hackers #userassets #solidarity
On February 22, ByBit CEO Ben Zhou publicly agreed with Binance founder Changpeng "CZ" Zhao’s stance on handling security breaches. Zhou stated that if a hacker had infiltrated ByBit’s internal system—such as compromising the withdrawal system or hot wallet—the platform would have immediately suspended all withdrawals to prevent further losses.However, Zhou clarified that the recent security incident did not involve ByBit’s internal infrastructure but rather targeted the exchange’s ETH cold wallet, which is secured via Safe (formerly Gnosis Safe). Since the attack was external and did not compromise internal systems, he made the decision to allow withdrawals and other platform functions to continue as usual.Industry-Wide Support Strengthens ByBit’s ResilienceZhou also expressed gratitude for the overwhelming support received from Binance, CZ, and other key industry players during the crisis. "During last night’s crisis, Binance and CZ, as well as many partners and industry leaders, stepped up to help, and we are deeply grateful," he stated.While acknowledging the significant impact of the attack, Zhou emphasized that ByBit remains strong and optimistic about the future. "This incident was a huge blow to ByBit, but the entire industry has shown the power of solidarity. I believe that from now on, everything will only get better," he concluded.The incident highlights the ongoing security challenges facing crypto exchanges and the importance of industry collaboration in mitigating risks and protecting user assets. #ByBit #CZ #Binance #security #crypto #ETH #withdrawals #coldwallet #Safe #industrysupport #resilience #hackers #userassets #solidarity
🚀 Safe Responds to Bybit Hack Investigation Findings
#Safe #Bybit #hack #LazarusGroup #security #cryptocurrency #Ethereum #smartcontracts #investigation #cybersecurity
According to PANews, Safe has issued a statement on the X platform in response to Bybit's forensic report regarding a hacking incident. The investigation into the targeted attack on Bybit by the Lazarus Group concluded that the breach was executed through a compromised Safe{Wallet} developer machine, leading to disguised malicious transactions. Lazarus Group, a North Korean government-backed hacking organization, is known for sophisticated social engineering attacks on developer credentials, sometimes utilizing zero-day vulnerabilities. External security researchers found no vulnerabilities in Safe's smart contract or the source code of its front-end and services.
Following the incident, the Safe{Wallet} team conducted a comprehensive investigation and has gradually restored Safe{Wallet} on the Ethereum mainnet. The team has completely rebuilt and reconfigured all infrastructure and rotated all credentials to eliminate any attack vectors. A full post-mortem analysis will be released once the investigation is finalized. The Safe{Wallet} front-end remains operational with additional security measures in place. However, users are advised to exercise caution and remain vigilant when signing transactions.#Safe #Bybit #hack #LazarusGroup #security #cryptocurrency #Ethereum #smartcontracts #investigation #cybersecurity
🚀 Safe Experiences Significant Price Drop Following Security Report
#Safe #PriceDrop #SecurityReport #Bybit #TheftIncident #Blockchain #Cryptocurrency
According to BlockBeats, on February 26, market data indicated that the price of SAFE experienced a sharp decline of over 12%, now trading at $0.4681. This drop is reportedly influenced by a recent report released by Bybit. The report attributes a $1.5 billion theft incident to vulnerabilities in Safe's infrastructure. In response, Safe stated that the theft resulted from an intrusion into a Safe{Wallet} developer's machine, and no vulnerabilities were found in Safe's smart contracts, frontend, or service source code.#Safe #PriceDrop #SecurityReport #Bybit #TheftIncident #Blockchain #Cryptocurrency
🚀 Safe Compromised Due To Front-End Tampering, Security Expert Warns
#Safe #Compromised #Security #Tampering #SmartContract #MultiSignatureWallet #SupplyChainAttack #SecurityManagement #Cryptocurrency
According to Odaily, security expert SlowMist Yuxian posted on the X platform that Safe has ultimately been compromised. While the smart contract aspect remains secure and easily verifiable on-chain, the front-end was tampered with to create a deceptive effect. The reasons behind this tampering will be disclosed by Safe's official details. Safe is considered a security infrastructure, and theoretically, all users of this multi-signature wallet could face similar theft risks as Bybit. Any service involving front-end, API, or other user interaction components may be susceptible to such risks, representing a classic supply chain attack. There is a need for a significant upgrade in the security management model for large or substantial assets.#Safe #Compromised #Security #Tampering #SmartContract #MultiSignatureWallet #SupplyChainAttack #SecurityManagement #Cryptocurrency
🚀 Debate Arises Over Responsibility In Bybit Security Breach
#Bybit #securitybreach #Safe #Hasu #Wintermute #cybersecurity #cryptoinvestment #hacking #investorresponsibility #fundsecurity
According to BlockBeats, on February 27, Safe investor Hasu commented on social media regarding the recent Bybit security breach. Hasu noted that although the breach was due to Safe's front-end rather than Bybit's infrastructure, Bybit's systems were inadequate in detecting such a straightforward hack. He argued that when transferring funds exceeding $1 billion, there is no justification for not verifying message integrity on a second offline machine. Hasu emphasized that blaming SAFE instead of Bybit would be a misinterpretation of the lessons to be learned.
In response, Wintermute founder wishfulcynic.eth criticized Hasu's remarks, suggesting they were misleading and distorted the facts.
Hasu countered these criticisms by stating that assessing Safe's fault in the incident is challenging, not because of his investment in Safe. He explained that Safe offers a solution through a centralized front-end but should not be solely relied upon. Hasu identified Safe's primary issue as its lack of collaboration with large fund clients for security education. He also acknowledged that the breach of Safe developers' devices was a concern, but emphasized the importance of learning from the incident.#Bybit #securitybreach #Safe #Hasu #Wintermute #cybersecurity #cryptoinvestment #hacking #investorresponsibility #fundsecurity
🚀 Safe Collaborates With Mandiant On Bybit Hack Investigation
#Safe #Mandiant #Bybit #hack #investigation #forensic #security #audit #transparency
According to Foresight News, Safe has announced that its team has been working closely with Mandiant over the past few days to conduct a comprehensive forensic investigation and security audit concerning the Bybit hacking incident. Safe emphasized its commitment to transparency throughout the process. The preliminary findings from Mandiant's report are expected to be released next week.#Safe #Mandiant #Bybit #hack #investigation #forensic #security #audit #transparency
🚀 Wintermute Ventures Reports Low Project Approval Rate Amid Investment Strategy Shift
#WintermuteVentures #InvestmentStrategy #ProjectApprovalRate #VentureCapital #PreSeed #SeedRounds #DueDiligence #Equity #SAFE #TokenWarrants #FinancingStructures
According to ChainCatcher, Wintermute founder and CEO Evgeny Gaevoy shared on the X platform that the company has transitioned from a broad investment approach seen in 2021-2022 to a more selective strategy, with only 4% of projects receiving approval. In 2025, Wintermute Ventures completed 23 investments, primarily leading pre-seed and seed rounds. These investments are independent of market-making authorizations and separate from trading operations.
Wintermute Ventures disclosed that in 2025, they reviewed approximately 600 companies, with 20% advancing to formal due diligence and 4% securing funding. The most common financing structures used were equity/SAFE and token warrants. The company aims to align the most suitable financing and investment structures with the founders' long-term vision for their projects.#WintermuteVentures #InvestmentStrategy #ProjectApprovalRate #VentureCapital #PreSeed #SeedRounds #DueDiligence #Equity #SAFE #TokenWarrants #FinancingStructures
🚀 China Sets Regulatory Framework for Overseas RWA Tokenization
#China #RegulatoryFramework #RWA #Tokenization #OverseasIssuance #NDRC #CSRC #SAFE #ForeignExchangeControls #OffshoreFinancing
China has introduced a comprehensive regulatory framework for the overseas issuance of Real-World Asset (RWA) tokenization. According to NS3.AI, the National Development and Reform Commission (NDRC) will oversee external debt-related RWAs, while the China Securities Regulatory Commission (CSRC) will manage equity and asset securitization RWAs. This framework aligns RWA regulations with traditional offshore financing practices and highlights the importance of foreign exchange controls by the State Administration of Foreign Exchange (SAFE).#China #RegulatoryFramework #RWA #Tokenization #OverseasIssuance #NDRC #CSRC #SAFE #ForeignExchangeControls #OffshoreFinancing
🚀 Iranian President Reported Safe Following Incident
#IranianPresident #Safe #Incident #Jin10 #MehrNewsAgency #GeopoliticalEvents #RegionalStability #Tensions
Iranian President has been reported safe following an unspecified incident, according to Jin10. The report, sourced from Iran's Mehr News Agency, did not provide further details about the nature of the incident or any potential threats involved. The assurance of the president's safety comes amid heightened tensions in the region, although no specific connection to recent geopolitical events was mentioned. Further updates are awaited to clarify the situation and any implications it might have on regional stability.#IranianPresident #Safe #Incident #Jin10 #MehrNewsAgency #GeopoliticalEvents #RegionalStability #Tensions
🚀 Tempo Integrates Safe Multi-Sig Smart Accounts for Institutional Clients
#Tempo #Safe #multiSig #smartAccounts #institutionalClients #stablecoins #accountAbstraction #onChainAssets
Tempo has announced the adoption of Safe multi-sig smart accounts tailored for institutional clients. According to NS3.AI, this integration aims to streamline operations by denominating fees in stablecoins and incorporating account abstraction features. These enhancements will enable clients to manage on-chain assets efficiently without the need for gas tokens or external account abstraction layers.#Tempo #Safe #multiSig #smartAccounts #institutionalClients #stablecoins #accountAbstraction #onChainAssets
🚀 Launch of Safenet: Enhancing Transaction Security with Real-Time Cryptographic Proofs
#Safenet #TransactionSecurity #CryptographicProofs #DecentralizedProtocol #OnChainVerification #RiskPrevention #RealTimeSecurity #Safe #BlockchainSecurity
Safe has introduced Safenet, a decentralized protocol designed to enhance transaction security by verifying on-chain transactions before they are executed. According to NS3.AI, this system generates cryptographic proofs in real time, allowing it to identify and restrict potentially risky transactions. Users are required to provide explicit approval after a time delay to proceed with such transactions, thereby adding an additional layer of security.#Safenet #TransactionSecurity #CryptographicProofs #DecentralizedProtocol #OnChainVerification #RiskPrevention #RealTimeSecurity #Safe #BlockchainSecurity