On-chain analyst Specter has challenged SafePal’s handling of a disclosed data leak, arguing the company waited too long to go public. According to Specter, the leaked data spans from March 2, 2025, to April 11, 2026, suggesting the vulnerability had occurred by April or early May at the latest. Specter said SafePal did not disclose the issue until recently, after Trezor announced its own data leak.
Specter also said some users had already received phishing emails before SafePal acknowledged the incident, and that some people suffered losses as a result. In Specter’s view, SafePal failed to issue an early warning and had denied the problem earlier, leaving customers’ personal data exposed to risk. The remarks add to scrutiny around how wallet providers communicate security incidents and user data exposure.
Odaily reported that on-chain analyst Specter has raised questions about SafePal’s handling of its disclosed data leak.
Specter said the leaked data covers the period from March 2, 2025, to April 11, 2026. That, according to the analyst, means the vulnerability had occurred by April or early May at the latest. Specter said SafePal did not make the issue public until recently, after Trezor announced a data leak.
Specter also said some users had received phishing emails before SafePal acknowledged the incident, and that some people suffered losses as a result. Specter argued that SafePal did not issue an advance warning and had denied the problem earlier, putting customers’ personal data at risk.
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