MultiversX Tracker is Live!

2000 private keys compromised on Edge mobile wallet

All Cryptocurrencies

by COINS NEWS 121 Views

Most of you are probably thinking, "What's Edge wallet?" It was actually my first ever crypto wallet (previously called Airbitz I think) that I used back in 2017.

I have most of my funds in a hardware wallet, but still kept some crypto on Edge which I hadn't touched since I bought it in December 2018- until yesterday that is. When I opened the app I got a message warning about a major security issue. Here's the article where they explain what happened.

On Feb 20, 2023, Edge senior staff were made aware of a security incident whereby a user had experienced an unauthorized transaction which swept the full amount of their Bitcoin wallet. All other funds on their Edge account were intact. Since Edge uses individual master private keys for each wallet, we determined that the user’s account was not logged into by an attacker, but that only the private key of their Bitcoin wallet was compromised. After further investigation, we determined that the Edge application contained a vulnerability that would leak private keys.

It goes on to say that only users who used certain functions in the app were effected (0.01% of total private keys), and they estimate that "low 5 figures in USD" of users funds went missing as a result of this. No mention as to whether or not these users have been compensated for this breach.

So the majority of user's funds are still there, and thankfully that included mine (I did have a brief panic when my balance didn't load). They say the vulnerability has now been fixed, but I won't be using it anymore that's for sure.

Curious if anyone here has ever used this wallet, or is still using it? If so, you might want to go take a look and consider using an alternative

submitted by /u/crypto_grandma
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments