The post How a Crypto User Recovered 100 ETH Lost to a Wallet Bug appeared on BitcoinEthereumNews.com.

A rare feel-good twist happened this week in crypto, where a user recovered their funds after losing 100 ETH due to a wallet bug. The recovery owes to action by the Safe Wallet team and the foresight of white-hat developers at Protofire. 100 ETH Lost to Wallet Bug—Then Recovered in a Stunning Rescue The incident unfolded when long-time Ethereum user khalo_0x on X (Twitter) attempted to bridge 100 ETH from the Ethereum Mainnet to the Base blockchain. They used the official Safe Wallet Bridge interface. At current rates, with ETH trading for $2,635 as of this writing, this transfer was worth over $263,500. Ethereum (ETH) Price Performance. Source: BeInCrypto Unbeknownst to him, a critical user experience bug within the bridge tool allowed the transfer to a smart contract wallet that appeared to be his. However, this wallet was controlled by a different entity. The issue’s root lay in Khalo’s use of an outdated version of Safe (v1.1.1), deployed in 2020. This legacy version predated multichain considerations and lacked protections that are now standard in newer versions. As a result, an attacker, or so it initially seemed, had previously deployed a copy of Khalo’s wallet address on Base, but with a different owner configuration. With this, they effectively hijacked the funds as soon as they were bridged. “I lost my life savings in one click using Safe last night. That’s after 8 years of holding ETH and avoiding scams. A UX bug within the official Bridge feature implied the destination address was my Safe on Base. It wasn’t,” Khalo lamented in a post. The tweet drew attention from the crypto community, including the Safe team. Builder Tschubotz.eth investigated and discovered that the Base address controlling the bridged ETH was not malicious after all. Outdated Wallet Version Opened Door to Cross-Chain Exploit Instead,…

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Filed under: News - @ June 4, 2025 6:27 am