The recent Bybit hack, which resulted in more than $1.4 billion loss in Ether, sparked controversy, including criticism from former Binance CEO Changpeng Zhao. The attack is reportedly orchestrated by the notorious Lazarus Group.
Safe's Investigation: Report Highlights
Safe's report concluded that the attack was executed through a compromised developer machine, allowing attackers to submit a malicious transaction proposal. The report noted that there were no vulnerabilities in Safe's smart contracts or frontend services. As a result, Safe updated its infrastructure and enhanced security.
Criticism from Changpeng Zhao
Changpeng Zhao openly criticized the report, stating it overlooked key details and left many questions unanswered. He addressed issues concerning methods of compromising the developer machine and bypassing Ledger security.
Response from Safe's Co-Founder
Martin Köppelmann, co-founder of Gnosis, clarified that the compromise was in the interface, not the Safe code itself. He proposed improvements such as enhancing transaction verification on hardware devices and using multiple Safe interfaces.
The Bybit incident raises questions about security in the crypto space. It is crucial to improve security measures to prevent future attacks of this nature.
