Cyber ​​Security Threat: Billions of Dollars in Assets in Old Crypto Wallets Are at Risk

Unciphered, after detecting a security vulnerability jeopardizing a total of $2.1 billion in crypto assets, it warned users that the security of transfers from old wallets is seriously compromised. The advisory urged users to transfer their assets to more secure wallets.

Cybersecurity experts have discovered a security vulnerability affecting millions of crypto wallets created between 2011 and 2015. The security company named Unciphered claims that this vulnerability has put approximately $2.1 billion worth of crypto assets at risk.

Transferring Assets to New Wallets is Advised

Prominent in the field of cybersecurity, Unciphered, in an announcement, cautioned users who utilized wallets produced between 2011 and 2015, urging them to transfer their assets to more secure wallets.

Transfers from Old Wallets Are at Risk

According to information obtained by Unciphered, this security vulnerability, named “Randstorm,” jeopardizes the security of transfers from old wallets. The company also confirmed that this security vulnerability is exploitable.

Finally, the company warns crypto users who do not take necessary precautions that their assets could be in danger and emphasizes the importance of taking the required measures.

Source: Cointelegraph

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