Dfinity founder criticizes the Web3 "pseudo on-chain" model and suggests migrating Safe{Wallet} to ICP to enhance security

ChainCatcher news, according to ICP founder Dominic Williams, a North Korean hacker group recently successfully stole $1.5 billion from Bybit, primarily by exploiting a vulnerability in the web interface of Safe { Wallet }, which is hosted in the cloud rather than on a smart contract.

Williams criticized some Web3 projects for operating only on "fake onchain," leading to security risks, and suggested using ICP (Internet Computer) for on-chain computation, data storage, and user experience validation to enhance security. He proposed migrating Safe { Wallet } to ICP and adopting cryptographic authentication mechanisms and multi-party consensus governance (such as SNS DAO) to strengthen security.