Coinspect exposes wallet vulnerability since 2018, related wallets suspected of $3.14 million theft last month

Odaily reported that according to Coinspect Security's monitoring, by analyzing encryption wallet seeds generated using insecure code since 2018, thousands of seeds were found to have been actually used. Last month alone, $3.14 million in suspected stolen funds were discovered in related wallets. Coinspect Security stated that some funds exhibited patterns of being centrally transferred to a single address and money laundering. An affected address transferred another $2 million out just hours after the warning was issued, and it is not yet determined whether this was theft. Additionally, Coinspect Security issued a special warning to the Chinese community, stating that many users whose assets remain at risk may be located in China.