In a world where digital wallets are as secure as a diary with a “Do Not Read” sticker, Safe Wallet has announced its grand return. Yes, within 24 hours, it will gradually restore its services, now with “enhanced security features.” Because, you know, $1.4 billion hacks are just a minor inconvenience. 🕵️♂️
This revelation comes hot on the heels of the Bybit hack, where a masked URL and some contract logic manipulation turned a cold wallet into a digital sieve. On Feb. 24, Safe took to X to confirm a phased rollout, complete with additional security measures. Because nothing says “trust us” like a phased rollout. 🙃
To make its security features less of a joke, Safe is introducing stricter validation measures, enhanced monitoring warnings, and more security checks. Sure, transactions might take a bit longer, but hey, at least your crypto won’t vanish into the ether. Users have been warned to scrutinize transaction data before signing. Because, apparently, reading the fine print is now a survival skill. 📜
Phased rollout within the next 24 hours
The Safe{Wallet} team is working diligently to restore services and will begin a phased rollout within the next 24 hours. The restored Safe{Wallet} includes an additional layer of security measures:
• Additional validations for…
— Safe.eth (@safe) February 23, 2025
Safe had previously confirmed that its front end was not compromised. But, you know, just in case, it’s taking additional precautions. The wallet temporarily paused certain functionalities, including native Ledger integration, because the Bybit attack involved a Ledger device. Because why not blame the hardware? 🤷♂️
Following the hack, major blockchain entities have formed a superhero team to respond to the attack. Bybit revealed on Feb. 23 that $42.89 million has been frozen. Tether, THORChain, ChangeNOW, FixedFloat, Avalanche, CoinEx, Bitget, and Circle all played a role in identifying and blocking blacklisted addresses, freezing stolen assets, and assisting in tracking the attacker’s movements. Because teamwork makes the dream work. 🦸♂️🦸♀️
A coordinated effort led to the freezing of $42.89M in just one day. Thanks to the following teams for their swift action: @Tether_to: Flagged address and froze 181K USDT @THORChain: Blocked the blacklist @ChangeNOW_io: Froze 34 ETH @FixedFloat: Froze 120K USDC + USDT…
— Bybit (@Bybit_Official) February 23, 2025
Bybit is offering a bounty of 10% of the recovered assets, or $140 million, to security professionals and ethical hackers who assist in recovering the stolen coins. Because nothing motivates like cold, hard cash. The exchange has confirmed that deposits and withdrawals are now fully operational, as verified by on-chain data. Because, you know, the blockchain never lies. 💰
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2025-02-24 06:30