The IOTA Trinity wallet has had a security flaw, 1.6 million were stolen


IOTA, a blockchain project aimed at resolving the integration with the Internet of Things (IOT), has been attacked or a vulnerability has been exploited in the Trinity wallet application. The foundation has recommended that users not open Trinity, until they have found the cause of the exploit.

Trinity is a wallet that is available for mobile devices, Windows and MacOS, so a wide variety of users could be affected, however, the first reports have only accounted for 10 victims. Half of the reported victims are in communication with the IOTA team.

Details about the incident are scarce at this time, but we know that the evidence points to the theft of recovery seeds. It is currently unknown how the seeds could have been stolen. So far, no mobile user has been affected, only one Mac user has been affected and the rest of the victims were Windows Trinity users.

The IOTA Foundation is still investigating the reports and will publish a full summary once the investigation is completed. They cannot rule out other causes at this time.

If he has been affected, the team urges him to communicate through his Discord #help channel. They also have an official page with current research updates, here.

This is not the first time that IOTA has security problems

IOTA wallets have had security vulnerabilities in the past. It was reported that the first implementations of the IOTA wallet were unstable and caused the loss or sending of tokens to incorrect addresses. Many of the first users had complaints, and the team responded by making a series of improvements to the wallet.

In another incident with a significant security vulnerability, IOTA employed a self-wound hash function that was criticized by a team of MIT researchers. The IOTA team denied the vulnerabilities found by the MIT team, and there was a burning war on social media.

IOTA corrected the crypto vulnerability shortly after, but was commented by independent cryptographic researchers. IOTA insisted that MIT misrepresented the risks, as well as their findings.

In another incident with a malicious actor, a British hacker stole more than $ 11 million in IOTA tokens and was arrested by police. The IOTA Foundation was able to recover almost all stolen funds, but it still suffered a reputational blow to security vulnerabilities.

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