Safe Experiences Significant Price Drop Following Security Report

According to BlockBeats, on February 26, market data indicated that the price of SAFE experienced a sharp decline of over 12%, now trading at $0.4681. This drop is reportedly influenced by a recent report released by Bybit. The report attributes a $1.5 billion theft incident to vulnerabilities in Safe's infrastructure. In response, Safe stated that the theft resulted from an intrusion into a Safe{Wallet} developer's machine, and no vulnerabilities were found in Safe's smart contracts, frontend, or service source code.