Cosmos Batch Moves 2,266 Staked ATOM From Six Accounts

Web3Auth Recovers $5.6 Million From Vulnerable Keplr Wallets After Security Flaw

Web3Auth has transferred cryptocurrency from vulnerable Keplr wallets into secure recovery addresses after a flaw in its embedded-wallet infrastructure exposed private keys belonging to some users who signed in through Google or Apple. The company published 12 verified recovery addresses on November 8 after blockchain investigators initially identified several of the same destinations as attacker-controlled wallets.The addresses collectively hel…

Keplr wallet breach: $6.01M in transfers include recovery moves

Some transfers following the Keplr wallet breach were recovery operations, not further theft, Web3Auth and Keplr confirmed on November 8. Web3Auth published verified recovery addresses for assets it has been moving out of affected accounts, including the destination of a batch involving 2,265.59 staked ATOM from six Cosmos Hub accounts. Key takeaways Keplr confirmed Web3Auth’s listed wallets as authorized recovery destinations. Recorded transfer…

Cosmos Batch Moves 2,266 Staked ATOM From Six Accounts

One delegator reported theft, while Web3Auth says some apparent wallet drains are protective recovery transfers.... Read the full story at The Defiant