Crypto Stored In Old Wallets Are At Risk Based On This Cybersecurity Firm's Data
Portfolio Pulse from Khyathi Dalal
Cybersecurity firm Unciphered has discovered a vulnerability named 'Randstorm' affecting BitcoinJS-generated wallets from 2011 to 2015, potentially impacting $2.1 billion in crypto assets. Dogecoin, Litecoin, and Zcash wallets are at risk, and users are advised to transfer assets to newer wallets.
November 15, 2023 | 7:23 pm
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Litecoin (LITE) wallets generated between 2011 and 2015 may be vulnerable to the 'Randstorm' vulnerability discovered by Unciphered, potentially affecting the security of assets held in these wallets.
The news directly mentions Litecoin as one of the cryptocurrencies at risk due to the 'Randstorm' vulnerability. This could lead to a decrease in trust and perceived security among investors and users, potentially causing a short-term negative impact on the price of Litecoin.
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