ByBit Hack Exposes Vulnerability in Safe Wallet Services – BitRss

ByBit has highlighted a vulnerability in its Safe wallet service regarding the billion-dollar hack incident that occurred last Friday. Safe recently issued a statement addressing the negligence involving the attack carried out by Lazarus, acknowledging its own role in the breach.

Current Status of the ByBit Hack

BTC ($87,511.51) price was recorded at $87,870 after briefly dropping to $85,418 during the preparation of this article. Safe provided updates concerning the recent hack incident, confirming the attack’s attribution to Lazarus based on forensic findings. The company accepts its involvement due to a breach in its developer machine.

“Important! The forensic examination by external security researchers did NOT SHOW any vulnerabilities in the Safe smart contracts or in the source code of the frontend and services.”

Following the incident, the Safe{Wallet} team conducted a thorough investigation, and now they have restored Safe{Wallet} on the Ethereum $2,450…