Safe (SAFE)

Safe is the ownership layer of web3 securing >100B+ u. It includes Safe{Core} a full stack of account abstraction infrastructure and the industry-standard multi-sig, Safe{Wallet}. The project is focused on making every Ethereum account, a smart account and enabling new use cases like AI, Staking, Gaming, SocialFi, DeFi, and Payments to flourish with gasless transaction, easy face-ID like logins, onramps, recovery and more.

1. SAFE Basic Info

2. SAFE Technical Info

2.1 SAFE Kline Chart Price

2.2 SAFE Technical Analysis

Based on the K-line data provided, the immediate future trend is expected to be bearish. The price is likely to continue its downward trajectory, potentially testing the support level around 0.39. The short-term trend suggests further price declines, with the possibility of consolidation before any potential reversal. The volume data indicates increased selling pressure in recent trading sessions. Overall, the outlook for the next few days is negative, with expectations of continued price drops. However, it is important to consider the possibility of short-term rebounds.

3. SAFE News Info

3.1 SAFE News List

• 20250307
  Safe: Wallet services have been fully restored 📈
  Safe{Wallet} is fully operational again 📈
• 20250306
  Safe{Wallet} released a security incident forensic investigation, confirming that it was the work of a North Korean hacker group 📉
  Safe: North Korean hacker group TraderTraitor is behind the Bybit theft 📉
• 20250302
  Safe will release preliminary report on Bybit hacking investigation and security audit next week 📈
• 20250227
  Safe (SAFE) has risen 32.5% in the past 24 hours and is now trading at $0.6728 📈
  SlowMist: There is indeed malicious code behind the JS file on the front end of Safe 📉
  SAFE fell in the short term and hit 0.4539 USDT, with a 24-hour drop of 8.64%. 📉
• 20250226
  Safe: The developers machine was hacked, causing Bybit to be stolen, and there were no vulnerabilities in the contract and front-end code 📉
  Safe: Forensic review by external security researchers did not indicate vulnerabilities in the wallet smart contracts or front-end and service source code 📉
• 20250224
  Safe：正在努力恢复服务，并将在未来 24 小时内开始分阶段推出 📈

3.2 SAFE News Analysis

The provided data reveals a volatile period for Safe{Wallet}. A security breach, attributed to a North Korean hacker group, significantly impacted the platform. Despite initial price increases and assurances of code integrity, the hack resulted in service disruptions and subsequent price drops. The swift restoration of services, alongside forensic investigations, indicates an effort to regain user trust. Given the confirmed attack and ongoing recovery efforts, the trend suggests a recovery phase, potentially marked by cautious user adoption. The market will likely respond to the speed and success of their restoration.