Safe Wallet confirmed that its infrastructure was exploited in the recent $1.5 billion Bybit hack, though their smart contracts remain uncompromised. The breach originated from a compromised developer machine, leading to unauthorized access.

Despite efforts to restore services and enhance security, critiques arose. Notably, Changpeng Zhao expressed skepticism over Safe Wallet's handling of the situation, highlighting vague explanations and security concerns.

The FBI confirmed North Korea's Lazarus Group behind the hack, marking it as "TraderTraitor". Hackers have converted stolen assets across various blockchains, and the agency urged providers to block transactions linked to these addresses.