Security firms traced a $7.8 million crypto wallet loss to an authorized helper contract rather than to Safe itself, according to CoinDesk. The available details point to a simple coding mistake as the opening that allowed the attacker to drain the funds. That distinction matters because the incident was not attributed to a flaw in Safe, but to a contract the wallet owner had previously approved. CoinDesk’s summary did not provide additional technical details, a timeline of the exploit beyond the report date, or the identity of the wallet owner and attacker.
Security firms traced a $7.8 million loss from a crypto wallet to a helper contract that the wallet owner had authorized, not to Safe itself, according to CoinDesk.
The report said a simple coding mistake let a hacker drain the funds. Based on the information disclosed so far, the loss was linked to the authorized helper contract rather than a vulnerability in Safe.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
