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How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet

CoinDesk·September 15, 2026·1 min read
How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet

A hacker drained $7.8 million from a crypto wallet due to a simple coding mistake. Security firms traced the loss to a helper contract the wallet owner had authorized, not to Safe itself. The incident highlights risks in smart contract permissions.

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