Frontend

Safe: The developer's machine was compromised, leading to the theft of Bybit; there are no vulnerabilities in the contract and frontend code

ChainCatcher news, Safe responded on platform X to Bybit's hacking forensic report, stating that the forensic review of the targeted attack by the Lazarus Group on Bybit concluded that the attack on Bybit Safe was executed through compromised Safe{Wallet} developer machines, leading to disguised malicious transactions.Lazarus is a government-backed North Korean hacking organization known for its complex social engineering attacks on developer credentials, sometimes combined with zero-day vulnerabilities. The forensic review by external security researchers did not indicate any vulnerabilities in the Safe smart contracts or the source code of the front end and services.Following the recent incident, the Safe{Wallet} team conducted a thorough investigation and has now phased the restoration of Safe{Wallet} on the Ethereum mainnet. The Safe{Wallet} team has completely rebuilt and reconfigured all infrastructure and rotated all credentials to ensure the complete elimination of the attack vector.After the final results of the investigation are released, the Safe{Wallet} team will publish a complete post-mortem analysis. The Safe{Wallet} front end is still operational and has implemented additional security measures. However, users need to be extra cautious and vigilant when signing transactions.

MakerDAO co-founder: New EU regulations may require DeFi frontends to obtain licenses to operate

ChainCatcher news, according to Bitcoin.com, MakerDAO co-founder Rune Christensen warned that the EU's interpretation of the Markets in Crypto-Assets Regulation (MiCA) could disrupt the decentralized finance (DeFi) ecosystem in Europe.Christensen stated that he heard European financial regulators might require every DeFi front end in the region to register and obtain a license to operate. This would prevent DeFi front ends on regular internet domains from continuing to provide services. Only decentralized, locally downloaded front ends, as well as those implementing KYC measures, would be able to continue operating.It is reported that the absence of front ends, which are an important channel for ordinary users to interact with DeFi protocols, would not render DeFi completely unusable, but it would significantly hinder access for European users, especially new users lacking technical backgrounds. Christensen believes this would lead the EU to regress to the "Stone Age" in terms of accessing DeFi services, while users in other regions would remain unaffected, with front ends operating as usual.However, Mikko Ohtamaa, co-founder of Tradingstrategy, pointed out that this regulation stems from the 2023 Financial Action Task Force (FATF) guidance. Ohtamaa stated that national regulators could choose not to blindly follow these rules and could even ignore them.
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