Security Company: The wallet vulnerability that began in 2018 led to the theft of 3.14 million dollars last month

By: rootdata|2026/07/05 20:45:00

The security company Coinspect Security posted on platform X that by analyzing cryptocurrency wallet seeds generated with insecure code since 2018, they discovered that thousands of seeds had been actually used. Just last month, it was found that the amount stolen from these wallets reached up to 3.14 million dollars, most of which went unreported.

Some funds were concentrated into a single address and exhibited money laundering patterns. One affected address transferred out 2 million dollars just hours after the alert was issued, and it is uncertain whether this was theft. Coinspect warns that users who believe many assets are still at risk may be located in China.

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