Safe announced the establishment of a development entity, Safe Labs, to strengthen security and technical operations.

According to Gate News bot, Safe has announced the establishment of a new development entity called Safe Labs, as reported by CoinDesk. This move aims to integrate the company's technology operations and product roadmap. This initiative is a response to the Bybit hacker incident related to North Korea that occurred in February 2024.

In this incident, Safe's front-end application was attacked, but the core contract was unaffected. Safe Labs, as the development department of the Safe Foundation, will replace the original outsourcing development model and is committed to providing security and usability services for the crypto native community and institutional users.

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