- Safe Wallet will begin restoring services over the next 24 hours.
- Security updates include transaction hash verification and enhanced monitoring.
- Native Ledger integration is temporarily removed due to the Bybit hack.
Safe Wallet Implements Security Upgrades Amid Service Restoration
The Safe Wallet team has announced that it will begin restoring services gradually over the next 24 hours. In response to recent security concerns, the team is introducing new protective measures to safeguard user funds and prevent potential exploits.
Key Security Enhancements
To strengthen its platform, Safe Wallet is implementing the following updates:
- Transaction Verification – The system will now verify transaction hashes, data, and signatures to prevent unauthorized activity.
- Enhanced Monitoring Alerts – Improved security monitoring will allow quicker detection and response to suspicious transactions.
- Removal of Native Ledger Integration – As Ledger devices were involved in the recent Bybit hack, Safe Wallet is temporarily disabling native Ledger support to mitigate risks.
Why Is Ledger Integration Being Removed?
The recent Bybit attack exploited Ledger as a signing method, raising concerns about its security in certain environments. While Ledger remains a widely used hardware wallet, Safe Wallet is taking proactive steps to reassess and strengthen its integration before reintroducing it.
Users are advised to stay updated on further announcements as the restoration process continues. These security measures aim to reinforce trust and protect assets in an increasingly risky crypto landscape.
