Coding error linked to $7.8 million crypto wallet drain

A $7.8 million loss from a crypto wallet was traced to an authorized helper contract, rather than to Safe itself, according to security firms cited by CoinDesk. The incident highlights how a coding mistake in a contract connected to a wallet can create a path for funds to be drained. The wallet owner had previously authorized the helper contract, which played a role in the loss. Safe, the wallet platform, was not identified as the direct source of the incident. The case is relevant to users and market participants monitoring smart-contract permissions and security risks across crypto assets. No further details about the affected wallet, the attacker, or the specific assets involved were provided in the source material.