Dominic Williams of Dfinity has put forth a compelling solution to the recent Safe Wallet breach, positioning Internet Computer Protocol (ICP) as the answer to critical security concerns in decentralised finance. Following Changpeng Zhao’s pointed criticism of Safe Wallet’s response, Williams proposed hosting Safe Wallet’s web interface on ICP, using cryptographic asset certification for enhanced security. His approach would require multi-party agreement via a DAO for any updates, significantly reducing vulnerabilities.
Williams’ suggestion goes beyond just fixing this particular incident—it highlights ICP’s potential to redefine security in decentralised applications. With ICP’s ability to serve web interfaces directly from the blockchain, it eliminates traditional attack vectors associated with centralised hosting. This ensures that applications like Safe Wallet operate with unparalleled transparency and security.
The discussion sparked by Zhao’s comments remains crucial. He raised concerns over how a Safe Wallet developer’s machine was compromised, whether malware or social engineering played a role, and how a developer’s machine had direct access to an account operated by Bybit. These questions demand answers, but the real takeaway is the need for industry-wide improvements. Williams has taken a leadership role in proposing a viable fix rather than just critiquing the problem.
Dfinity’s proactive stance underscores a broader shift in decentralised finance. While many projects still rely on traditional infrastructure for key operations, ICP’s fully on-chain approach presents a radical alternative. The ability to host front-end applications on the blockchain, combined with cryptographic certification, makes ICP a frontrunner in securing Web3 applications.
As decentralised finance faces mounting security challenges, it’s clear that relying on outdated models won’t suffice. Williams’ advocacy for ICP as the backbone of a new security paradigm is gaining traction. With more projects considering ICP’s architecture, decentralised applications could soon operate in an environment where hacks and breaches become far less frequent. Safe Wallet and others now have a clear path forward—one that doesn’t just patch vulnerabilities but fundamentally strengthens the entire ecosystem.
