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SafePal

avoid.net/safepal→42/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:software-wallet][src:wallet][src:firefox-extension][src:douyin][src:kraken-security-labs][src:supply-chain][src:binance][src:tiktok][src:fake-app][src:social-engineering][src:phishing][src:open-source][src:sfp-token][src:firmware-vulnerability][src:thorchain][src:impersonation][src:tron-multisig-scam][src:gpl-violation][src:slowmist][src:hardware-wallet][src:zachxbt][src:binance-labs]
anchored·rBrkmF…n9Lc

Summary

SafePal is a hardware and software cryptocurrency wallet founded in 2018 by Veronica Wong and incubated by Binance Labs, with over 10 million claimed users. The platform has been surrounded by multiple serious security incidents including a malicious Firefox extension that impersonated the wallet for seven months in 2021, a Binance-backed Launchpad token (SFP), hardware vulnerabilities disclosed by Kraken Security Labs, and a $6.5–7 million theft linked to a tampered hardware wallet sold via the Chinese platform Douyin (TikTok China). SafePal itself has not been hacked directly, but its brand has been repeatedly exploited by third-party threat actors, and ZachXBT has documented its wallets appearing in fund-laundering flows.

Connected Entities

1 entities
Organizations
□SafePal
Relationships
    Have evidence about SafePal?

    Timeline(10 events)

    2018-01-01

    SafePal founded by Veronica Wong and co-founders.

    IQ.wiki / SafePal About Page

    2018-12-01

    SafePal incubated by Binance Labs.

    YZi Labs Blog

    2019-05-01

    SafePal S1 hardware wallet launched.

    IQ.wiki / SafePal About Page

    2020-11-18

    Kraken Security Labs discovers tamper-detection bypass, firmware downgrade vulnerability, and GPL violations in SafePal S1.

    Kraken Security Labs Blog

    2021-02-16

    Malicious 'Safepal Wallet' Firefox extension appears on Mozilla Add-ons store; Kraken Security Labs publishes S1 vulnerability report.

    BleepingComputer / Kraken Blog

    2021-02-01

    Binance Launchpad hosts SafePal (SFP) token sale; 164x oversubscribed, raising $5 million.

    Binance Support

    2021-09-01

    Mozilla removes malicious 'Safepal Wallet' Firefox extension after approximately seven months online.

    BleepingComputer

    2021-09-30

    SafePal publishes official scam alert warning about the Firefox extension and other impersonation vectors.

    SafePal Official Blog

    2025-06-14

    SlowMist receives emergency report: investor loses approximately $6.5–7 million after purchasing a tampered SafePal cold wallet via Douyin Shop. Private key was compromised at creation; funds drained within hours.

    CryptoTimes / Outposts.io / CoinTelegraph

    2026-03-31

    ZachXBT flags that a Kraken user who lost $18.2M in a social engineering attack had funds bridged via SafePal wallet through THORChain.

    BeInCrypto
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:software-walletsrc:walletsrc:firefox-extensionsrc:douyinsrc:kraken-security-labssrc:supply-chainsrc:binancesrc:tiktoksrc:fake-appsrc:social-engineeringsrc:phishingsrc:open-sourcesrc:sfp-tokensrc:firmware-vulnerabilitysrc:thorchainsrc:impersonationsrc:tron-multisig-scamsrc:gpl-violationsrc:slowmistsrc:hardware-walletsrc:zachxbtsrc:binance-labs

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet

    generated: 5/4/2026, 4:04:55 PM

    last updated: 5/26/2026, 4:11:12 AM

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