Dfinity founder criticizes Web3's "pseudo-on-chain" model and suggests Safe{Wallet} migrate to ICP to improve security

PA一线｜2025-02-27 9:20

PANews reported on February 27 that according to ICP founder Dominic Williams, a North Korean hacker group recently successfully stole $1.5 billion from Bybit, mainly by exploiting a web-based vulnerability in Safe{Wallet}, an interface hosted in the cloud rather than on a smart contract.

Williams criticized some Web3 projects for running only on "fake onchain", which leads to security risks, and suggested using ICP (Internet Computer) for on-chain computing, data storage and user experience verification to improve security. He proposed that Safe{Wallet} be migrated to ICP and adopt encryption authentication mechanism and multi-party consensus governance (such as SNS DAO) to enhance security.

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