Bitman on Nostr: Bybit has just released the security audit report, revealing that the failure ...
Bybit has just released the security audit report, revealing that the failure occurred in the SAFE servers, not at Bybit. This situation calls into question the collaborative custody strategy with ETH. The attack on SAFE’s servers, along with the breach of one of the developers’ PCs, highlights the associated risks. The combination of an improvised multisig setup, third-party keys, and the use of a ledger proved to be a recipe for serious issues. To protect yourself, opt for BTC in a native multisig.
Published at
2025-02-26 16:53:48Event JSON
{
"id": "9b85af1c909463d12ecb303a63905bf0cde2bc5c9a5a719f24ab23e559d72208",
"pubkey": "129f51895d12ab3c9cdc26cb22bdbb9de918e5f1cff98943f3860ef53a441803",
"created_at": 1740588828,
"kind": 1,
"tags": [],
"content": "Bybit has just released the security audit report, revealing that the failure occurred in the SAFE servers, not at Bybit. This situation calls into question the collaborative custody strategy with ETH. The attack on SAFE’s servers, along with the breach of one of the developers’ PCs, highlights the associated risks. The combination of an improvised multisig setup, third-party keys, and the use of a ledger proved to be a recipe for serious issues. To protect yourself, opt for BTC in a native multisig.\nhttps://m.primal.net/PMNQ.jpg\nhttps://m.primal.net/PMNR.jpg",
"sig": "0c3c4a7c8704165b19cf9f2a410712a47e306f2f053606e1774a7f9c3e8cea626c912680ba94bc2e2f7b94d09d24da2aa665de21d762d8fb4ae2b79d2f56df24"
}
