New Crypto Vulnerability Could Affect Billions Worth of Assets, Warns Cybersecurity Company

The Discovery

Cybersecurity experts have uncovered a new vulnerability in millions of crypto wallets that were generated between 2011 and 2015. The vulnerability, named "Randstorm" by cybersecurity company Unciphered, has the potential to impact around $2.1 billion worth of crypto assets.

The Scope of the Threat

The vulnerability is said to affect wallets generated by BitcoinJS and its derivative projects. However, it could also impact other cryptocurrencies, including Dogecoin, Litecoin, and Zcash. Millions of users have already been alerted about the issue.

Action Required

Unciphered advises individuals who have self-custody wallets created using a web browser prior to 2016 to transfer their funds to wallets generated by trusted software. This precautionary measure aims to minimize the risk of potential exploitation.

Exploitation Details Withheld

Unciphered has refrained from providing specific information about how the vulnerability could be exploited, in order to prevent bad actors from gaining more knowledge and potentially causing further harm.

It is crucial for crypto users to stay informed about potential threats and take necessary steps to secure their assets in this ever-evolving digital landscape.