It has been two weeks since Bybit was hacked to the tune of $1.4 billion by North Korea’s TraderTraitor. Five days later, it was confirmed that the hackers compromised a SAFE Wallet developer, allowing them to alter the wallet’s user interface source code. Now SAFE has released its own preliminary investigation, reconfirming that the wallet smart contract was never compromised, but the user interface was.
SAFE hired Mandiant, the security firm acquired three years ago by Google Cloud for $5.4 billion. The wallet organization also outlined a number of steps it’s taking to shore up security, with Mandiant’s help.
As previously noted, the hackers injected code into the user interface, which only impacted Bybit. While other users would have accessed their wallets with the same compromised code, it did not target them.
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