Dossier
Coinspect
Coverage of Coinspect in the Nexus archive.
- Attackers Exploit 'Ill Bloom' Vulnerability to Drain $3.1 Million From Cryptocurrency Wallets
Security firm Coinspect disclosed the 'Ill Bloom' vulnerability in cryptocurrency wallets, where weak randomness in recovery phrase generation allows attackers to steal funds. Attackers have already exploited this flaw, draining $3.1 million and executing a coordinated sweep in May.
- Thousands of crypto wallets at risk from ‘Ill Bloom’ vulnerability: Coinspect
Thousands of crypto wallets across multiple blockchains could be vulnerable due to weak recovery phrase generation, as highlighted by the 'Ill Bloom' vulnerability identified by Coinspect.