DeFi Teddy|Oct 11, 2026 10:23
A group member asked, since Safe had such a big issue before, is it still safe to use Safe?
This needs to be looked at from two perspectives:
First, the Safe contract code has very high security. So far, there hasn’t been any public hacking incident. The reason is that the core code logic is simple, and the blockchain’s immutability ensures that unless someone gets access to Safe’s multi-signature, even a genius hacker can’t modify it.
Second, there have been examples of attacks on Safe’s front end. For instance, Bybit lost over a billion dollars because the front end was modified. This tricked the multi-signers into thinking they were signing a normal transaction, but in reality, they were signing a transaction that replaced the wallet’s underlying contract with a malicious one from the attacker.
If you’re using Safe, keep the following points in mind:
- Bookmark the official website and don’t trust search results or links from others.
- Avoid blind signing. Ideally, verify the transaction amount and recipient on your hardware wallet screen (stick to simple transfers and avoid other DeFi interactions).
- Use third-party tools to simulate transactions and check the results.
- Make sure your computer isn’t infected.
One more thing: targeted attacks on Safe’s front end are extremely rare. The last case was specifically aimed at Bybit. If you’re a retail investor with smaller funds, the cost of a targeted attack wouldn’t be worth it.
In conclusion, using 3 hardware wallets from different manufacturers + Safe with 2/3 multi-signature is currently a very high-security measure for retail investors.
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