Coding Error in Authorized Helper Contract Leads to $7.8M Crypto Theft

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A hacker exploited a simple coding mistake to drain $7.8 million from a cryptocurrency wallet. Security firms investigating the breach traced the vulnerability to a helper contract that the wallet owner had previously authorized. The flaw was not found in the Safe wallet platform itself, but in the third-party contract connected to it. The incident highlights the risks posed by authorized peripheral contracts, which can serve as entry points for attackers even when core wallet infrastructure remains secure.

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