A hacker drained $7.8 million from a crypto wallet after exploiting a simple coding mistake, according to Coindesk.
Security firms traced the $7.8 million loss to a helper contract the wallet owner had authorized, not to Safe itself.
Coding Mistake Allowed Hacker to Drain $7.8 Million From Crypto Wallet
A helper contract authorized by the wallet owner was responsible for the $7.8 million loss, not the Safe wallet itself.
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Marcus Webb · Crypto Desk · 15 Sept 2026 · 10:59 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Marcus Webb
Crypto Desk
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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