brypto

Update on the Bybit hack.  It looks like SAFE was compromised in the ByBit hack rather than Bybit being compromised 

"Safe smart contracts unaffected, an attack was conducted by compromising a Safe {Wallet} developer machine which affected an account operated by Bybit"

https://x.com/benbybit/status/1894768736084885929/photo/2
https://x.com/safe/status/1894768522720350673

Safe dev computer compromised seems like worse news than the bybit hack... Hopefully they have everything reinforced now but if there's more attacks it could really shake things up.

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Good question, idk. But considering how much bigger tradfi is and that the bybit hack was the largest ever ... Seems like crypto security still has a long way to go to be as secure as tradfi institutions.

Makes me wonder how often this stuff happens in tradfi. It must be all the time ...