Old Crypto Wallet Bug Puts $2.1 Billion At Risk: Unciphered
Unciphered withheld a massive secret about security vulnerabilities in old crypto wallets from the public for 20 months straight....
- Crypto cybersecurity firm Unciphered has discovered a decade-old bug in browser-based crypto wallets generated between 2011 and 2015.
- The bug could potentially allow hackers to steal up to $2.1 billion from wallets on various networks, including Bitcoin, Dogecoin, Litecoin, and Zcash.
- The bug was accidentally discovered during an attempt to recover a lost Bitcoin investment.
- The vulnerability affects wallets created using the websites Blockchain.info and Dogecoin.info.
- Wallets created before March 2012 contain $100 million in vulnerable assets, while wallets created between then and 2015 hold $50 billion, with at least $500 million at risk.
- Unciphered has been quietly warning affected users for months and has now notified over 1.1 million affected wallets through Blockchain.com.
The article highlights a significant security vulnerability in old crypto wallets, which could potentially lead to the theft of billions of dollars. Unciphered, the crypto cybersecurity firm, accidentally discovered the bug while trying to recover a lost Bitcoin investment. The vulnerability affects wallets created between 2011 and 2015 using certain websites. Unciphered has been actively warning affected users and has now notified over 1.1 million wallets through Blockchain.com. The sentiment of the article is concerned about the potential risks and the actions taken to address the issue.