Information security firm Distrust says wallets generated by the Libbitcoin explorer have been compromised and around $900,000 has already been stolen. $BTC $ETH $SOL FrederickMunawa reports.
The most significant heist – 29.65 bitcoin worth about $870,000 at current rates – took place July 12. Distrust says a total of at least $900,000 was stolen across multiple blockchains, including from some of the roughly 2,600 bitcoin wallets affected by the vulnerability.
Hardware wallets like Trezor and Ledger seem to have been unscathed, but there are still a number of wallets at risk, and the full extent of money stolen is “yet to be determined,”BX comes with a text command called “bx seed” that uses the clock on a developer’s computer to produce a seed phrase for creating a wallet.
Crypto software provides random combinations of 12 to 24 words or seed phrases to users who want to “recover” or regain access to their wallets in the case of accidental loss. But when using BX, the resultant phrase turns out to be insufficiently random. According to the report, “a decent gaming PC can do a brute-force search,” or guess all possible word combinations for a user’s seed phrase, “in less than a day.”
“Think of this as securing your online bank account with a password manager that creates a long random password,” the report states. “But it often creates the same passwords for every user. Malicious people have figured this out and drained funds on any account they can find.”Milk Sad is not restricted to Bitcoin. Ethereum, Zcash, Solana and even Dogecoin are among the list of eight blockchains affected.
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