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Gnosis Safe Analysis: Blockchain Investigation Guide

Gnosis Safe Inquiry Guide: A Summary for Investigators This document summarizes key details for blockchain investigators dealing with Gnosis Safes (also known as safe Smart Account), a multi-signature smart contract wallet. Here's a breakdown of the important points:…

Gnosis Safe Analysis: Blockchain Investigation Guide

Gnosis Safe Inquiry Guide: A Summary for Investigators

This document summarizes key details for blockchain investigators dealing with Gnosis Safes (also known as safe Smart Account), a multi-signature smart contract wallet. Here’s a breakdown of the important points:

I.What is a Gnosis Safe?

* Multi-signature: Requires multiple approvals (signers) to authorize transactions, enhancing security.
* Smart Contract wallet: Operates based on code deployed on the blockchain.
* Openness & Control: Offers a clear audit trail of transactions and signer activity.

II. Why are Gnosis Safes relevant to investigations?

* Used by Threat Actors: Increasingly employed to manage stolen funds, obscure ownership, and simulate legitimacy.
* Obfuscation: Multisig structure can complicate tracing, but also provides a detailed trail for investigators.

III. Identifying Gnosis Safes On-Chain:

* Contract Names: Look for GnosisSafeProxy.
* Creation Method: Created via the Safe Proxy Factory.
* Zero-Value Deployments: Often deployed with zero initial value.
* Tools: Utilize TRM Forensics and block explorers like Etherscan to identify patterns and signer interactions.

IV. Key Features & Investigative Considerations:

* Signers & Thresholds:

* signer addresses are stored on-chain (Etherscan, app.safe.global, TRM Forensics).
* Thresholds (number of signers needed) are visible on-chain.
* Focus on Active Signers: map control to the three most active wallets,as thresholds define required approvals.
* Modules:

* Optional additions that add custom logic (e.g., auto-splitting funds, automated transfers).
* Risk: Can be used to pre-program exits, bypassing normal multisig protections.
* Nested Safes:

* One Safe owning another, adding layers of indirection.
* Investigation: Trace the entire ownership chain to reveal operational intent and control.

V. Using app.safe.global for Intelligence:

* Detailed view: input a Safe address to view signer addresses, thresholds, and transaction metadata.
* Human-Readable Interface: Supplements blockchain explorer data.
* Discrepancy Detection: Identify inconsistencies between signer activity and expected behavior.

VI. Key Questions for Investigators:

* Who are the real operators behind the Safe?
* What is the Safe’s configuration, and has it changed?
* Are there signs of obfuscation (nested wallets, modules, signer overlap)?
* Can signer activity be linked to prior incidents or infrastructure?

VII. FAQs – Quick Reference:

* Signer List: Etherscan, app.safe.global, TRM Forensics.
* Nested Safe Risks: Masked ownership, delayed attribution.
* Module Risks: Stealth exits,rapid fund distribution,bypassing security.
* Threshold Impact: Helps focus on the most relevant signers.
* Legitimacy Simulation: Fraudulent actors may use Safes to appear legitimate.

In essence, investigating a Gnosis Safe requires analyzing not just the wallet itself, but the people, permissions, and activity surrounding it to effectively trace illicit flows and strengthen attribution.

About the author: Anika Shah - Technology

MSc in Computer Science, senior reporter. Anika focuses on AI ethics, cybersecurity, and emerging hardware—frequently moderating panels at CES and Web Summit. “Anika Shah decodes tech breakthroughs and startup disruption shaping tomorrow’s digital landscape.”