Saturday , October 1 2022

Vulnerability found in Copay Wallet. How do you protect your funds :: RBC.Krypto


Developers asked users not to open the old version of the program, but to download a new one and transfer their money to another wallet

In the electronic wallet, Copay discovered a vulnerability, which allows hackers to steal private keys to users. The BitPay company confirmed this information, but stressed that the problem did not affect the actual processing service itself.

Copay customers who installed version 5.0.2-5.1.0 asked not to run the program. Developers fixed vulnerability in version 5.2.0 and recommended that users download it from application stores and transfer them to money in a new wallet, as their private keys may be compromised.

"Users should not attempt to transfer money to new wallets by importing a phrase to recover access from vulnerable wallets, as it corresponds to a potentially uncompromising key. First, you must update the vulnerable wallets (5.0.2-5.1.0) and then transfer all funds from them to the new wallets in version 5.2.0, using the "Send Max" feature, reported the company's developer.

In mid-November, four programs were discovered as imitated cryptocurrency wallets on Google Play. Phishing applications portrayed Altcoin stores Neo, Tether, Ethereum, one of which imitated MetaMask.

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