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Safe announced the establishment of a development entity, Safe Labs, to strengthen security and technical operations.

GateNews

2025-06-11 20:42:43

SAFE-4,17%

According to Gate News bot, Safe has announced the establishment of a new development entity called Safe Labs, as reported by CoinDesk. This move aims to integrate the company’s technology operations and product roadmap. This initiative is a response to the Bybit hacker incident related to North Korea that occurred in February 2024.

In this incident, Safe’s front-end application was attacked, but the core contract was unaffected. Safe Labs, as the development department of the Safe Foundation, will replace the original outsourcing development model and is committed to providing security and usability services for the crypto native community and institutional users.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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