The Bybit exchange recently suffered a $1.4 billion hack, allegedly caused by malicious code originating from Safe{Wallet}'s infrastructure. Safe's frontend was exploited to trick Bybit into signing a malicious transaction, but the smart contracts performed as intended. However, the hack exposed the vulnerability of wallets, as hackers can access a significant amount of digital assets. Squads, a multisig wallet used by Solana teams, is conducting a review of their infrastructure to prevent similar attacks. The FBI has accused the hackers of being linked to North Korea. The hack was facilitated by injecting malicious code into Safe's JavaScript files, and the incident highlights the need to focus on securing conventional infrastructure in addition to auditing smart contracts.



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