Jaxx wallet is vulnerable! User reports 400,000 USD stolen.
"Reports are surfacing of a ‘vulnerability’ in Jaxx wallet leading to at least $400,000 customer funds being stolen."
It seems Jaxx wallet has a very serious vulnerability, and it is the backup phrase. Thanks to this it was possible to extract 400,000 USD, as reported so far. This happens because of an exploit, and with only a few seconds of access to your computer (either through a virus or physical access to it) can steal your security phrase and immediately transfer the funds to another account.
But, there is something more serious about this. The sick people of Jaxx wallet said that they would not change their safety methods regarding what just happened.
“We are very comfortable with this security model for hotwallets,” he wrote.
“The fact is there will always be tradeoffs between user experience, portability and security and we believe we’ve struck a great balance.”
After reading this, I would not longer use Jaxx wallet, because having money in a service which we trust they would do anything to protect us against losing our money or just improve their security so often to avoid this type of problems and they literally do not give a fuck, we should not give a fuck about any of their services either.
In addition, after this alarming news, Jaxx said there was no evidence that could prove this vulnerability.
Source:
https://cointelegraph.com/news/jaxx-wallet-vulnerability-users-report-400k-funds-thefts
I heard about this! pretty scary stuff. I wonder if this will have an effect on the price of bitcoin at all?
Probably.