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Billions of Dollars of Crypto at Risk

Billions of dollars of crypto at risk:

  • A major vulnerability affecting decade-old crypto wallets is threatening $2.1 billion worth of digital assets.
  • Millions of Bitcoin, Dogecoin, Litecoin, and Zcash wallets created between 2011 and 2015 are reportedly exposed to a security risk.
  • The flaw was discovered by cyber security firm Unciphered.

A new lurking threat to cryptocurrencies

A new security threat has emerged within the cryptocurrency ecosystem, endangering assets worth an estimated $2.1 billion.

According to cybersecurity firm Unciphered, this vulnerability, known as “Randstorm“, affects crypto wallets generated via web browsers between 2011 and 2015.

According to the company, this flaw could affect millions of wallets, including those using Bitcoin, Dogecoin, Litecoin, and Zcash.

Precautions and security measures

Faced with this alarming discovery, the security firm strongly advises users of these older wallets to transfer their assets to newer wallets generated by trusted software.

“If you are someone who generated a self-custody wallet using a web browser before 2016, you should consider transferring your funds to a more recently created wallet generated by trusted software.”

cyber security company Unciphered

While not all affected crypto wallets are impacted in the same way, the vulnerability remains present.

To avoid providing information to malicious actors and compromising the security of these wallets, no details about the exploitation of this flaw have been disclosed.

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