Safe{Wallet} Resumes Operations on Arbitrum Network Amid Security Concerns Following Bybit Theft

On February 28th, COINOTAG News reported that the Safe{Wallet} operations have officially recommenced on the Arbitrum network. The Safe{Wallet} team has outlined its commitment to swiftly restore access across additional blockchains, focusing on networks that exhibit the highest user engagement and operational significance. This proactive approach reflects the team’s dedication to enhance user accessibility and experience in the rapidly evolving crypto ecosystem. In prior announcements, Safe{Wallet} disclosed that a breach occurred due to a compromised developer’s device, which unfortunately led to unauthorized withdrawals from Bybit. Notably, the team emphasized that both the smart contract and frontend code were found secure and free from any vulnerabilities, ensuring the integrity of their platform moving forward.