Bitcoin

Crypto wallet provider Klever recently <a href="https://klever.org/en/blog/klever-alert-external-security-incident" rel="noopener noreferrer nofollow">issued</a> a Security Alert due to an external security incident that affected users across various wallet providers. The incident came to light on July 12, 2023, when users reported suspicious activity within their wallets.The extent of the issue was under investigation, but it appeared to affect a subset of users across different cryptocurrencies. Klever&#39;s security team monitored the wallets involved round-the-clock and cooperated with security firm TRM Labs to investigate and mitigate the issue.Klever advised all users to remain vigilant and review their accounts for any unusual activity or transactions. As a proactive measure, the wallet provider requested users to revoke access to dApps that were not in use.The company determined that all the wallets impacted by suspicious activity were affected by an already known exploit caused by low entropy mnemonic. A &#34;low entropy mnemonic&#34; refers to a seed phrase that has been generated from a source of low randomness. This means that the seed phrase is less random and, therefore, potentially more predictable, which is a security concern. If an attacker could predict or guess the seed phrase, they could gain access to the wallet and the funds it controls.Read full article at <a href="https://cryptotale.org/klever-issues-security-alert-over-external-incident-impacting-crypto-wallets/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Klever Issues Security Alert Over External Incident Impacting Crypto Wallets

CryptoTale

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