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Web3Auth Reports Moving $5.6 Million From Exposed Keplr Wallets Ahead of Hackers
(2 hours ago) · 1 source · Summarized by CryptoBipto
Web3Auth says it moved $5.6 million out of Keplr wallets that were exposed to a security vulnerability before hackers could exploit them. The company claims it frontran the attackers by transferring the funds to safety. Details about the nature of the vulnerability and the full scope of the exposure have not been fully disclosed.
WHY IT MATTERS
When you use a crypto wallet, your funds are protected by a private key — think of it like the password to a vault.
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SOURCES
- theblock.co
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