The breach has impacted 39,798 customers who placed orders between March 2, 2025 and April 11, 2026.SafePal stressed that the core security of its wallets remains intact, adding that users’ seed phrases, private keys, bank passwords, bank account information, payment card numbers, and government-issued IDs were not affected.However, SafePal said users who have shared their private keys or seed phrases via a phishing email, phone call, or letter should treat their wallet as compromised and transfer their assets to a new wallet.How SafePal is respondingThe company said it had patched the vulnerability and introduced additional security measures in response. SafePal…

Similar systems, however, have been around the blockchain space for years in one form or another. Early adopters may recall the reams of banks that joined R3’s consortium effort back in 2016, for example, or the many enterprise players that flocked to the Linux-affiliated Hyperledger ecosystem. R3 didn’t make it to the end of the year before the big banks like Goldman Sachs, Morgan Stanley and Santander withdrew from the system.“It’s like we’re having consortium chain 2.0,” said Raman in an interview. “This is going to end up being a race to the bottom for consortium chains. You’re going to…

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