TREE NEWS update: Blockchain analyst Specter questions SafePal’s disclosure of a data breach, stating it covered from March 2, 2025 to April 11, 2026, suggesting the vulnerability occurred by April or early May. Some users received phishing emails and suffered losses before SafePal acknowledged the issue, which it initially denied, putting customer data at risk.
SafePal Accused of Delaying Data Breach Disclosure
The dispute here is less about the breach itself than about disclosure timing — a recurring flashpoint for wallet providers, where user trust is the core asset. Specter's challenge implies affected users had no warning while phishing attempts were already underway, which shifts the question from technical failure to communication failure. Whether SafePal provides a fuller timeline, and whether other analysts corroborate or contest Specter's reading, is the open question.
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