Crypto Wallet Users Hit by Suspicious Activity Caused by Low Entropy Mnemonic

The affected wallets were reportedly created using an old and weak pseudorandom number generator (PRNG) algorithm.

A crypto wallet service – Klever – revealed that an already known exploit caused by low entropy mnemonic affected several users. The incident first came to light when users reported suspicious activity within their wallets earlier this week.

According to the company, this algorithm was widely used in early versions of various crypto wallet providers, which relied on the Javascript platform. On the Klever platform, the core codes responsible for entropy and mnemonic generation that utilize the PRNG algorithm are implemented with robust security measures and are native to the operating system.”

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