Former Binance CEO Changpeng Zhao (CZ) has criticized Safe Wallet’s post-mortem report on the Bybit hack, raising concerns about potential security loopholes.
Safe Wallet's Response
Investigations revealed that compromised Safe Wallet credentials led to the $1.5 billion Bybit breach. Safe Wallet stated the attack stemmed from a 'compromised Safe Wallet developer machine.' They have rebuilt their infrastructure and changed credentials.
The Report and Updates
Audits by Sygnia and Verichains showed hackers accessed Safe's infrastructure via compromised credentials. They used malicious script in Safe’s AWS system, excluding Bybit's vulnerability issues and social engineering.
Zhao's Position
Zhao remarked that Safe Wallet's report is vague and raises more questions, wondering if the breach involved social engineering, viruses, and how attackers bypassed signer verification.
The Bybit incident highlights the critical importance of crypto companies ensuring infrastructural security. Measures taken post-hack aim to prevent future breaches.
