SafePal, the hardware wallet maker backed by Binance Labs, reportedly exposed customer order data for roughly 40,000 users, including full names, shipping addresses, device models, and payment methods. The incident, first reported on Reddit in May 2026, allowed scammers to contact customers with personal information they should not have had. Investigations confirmed that seed phrases and private keys were not compromised, as the SafePal S1 operates without connectivity. The company has not issued an official breach disclosure, with the 40,000 figure coming from external estimates. Affected users now face risks of targeted phishing and social engineering, echoing the experience of Ledger customers in 2020.
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