Crypto Wallet Security: SafePal Drains $23K
A user reports losing $23,050 across three SafePal wallets created separately on the same iPhone, with seed phrases stored offline — raising serious hardware/software wallet security concerns.
What we know
An account on X shared a detailed account of losing $23,050 across 3 of 4 SafePal wallets. Each was created separately with different seed phrases, stored in a physical notebook, and no transactions were knowingly approved. The post gained 42K views and 35 RTs, suggesting significant community concern about SafePal's security model on shared devices.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.