FacebookTwitterLinkedInTelegramCopy LinkEmail
Crime and Investigations

Edge Wallet Suffers Security Breach – 2,000 Private Keys Were Stolen

Edge Wallet Suffers Security Breach – 2,000 Private Keys Were Stolen

Edge Wallet recently experienced a security breach resulting in the theft of 2,000 private keys.

The team promptly addressed the issue and released a patch to prevent future incidents. The attacker only targeted Bitcoin and did not access any other assets.

The breach occurred due to a vulnerability in private keys resulting from certain actions, such as selecting specific options under buy and sell tabs or using the upload logs feature.

This breach affected 0.01% of all keys made via Edge, and the total amount stolen was a low five figures in USD. Edge Wallet is a decentralized, non-custodial wallet focused on privacy and security.

Edge Wallet has faced controversy in the past, such as the announcement of a confidential Mastercard that Mastercard did not approve. The Titan Stealer malware has also targeted the wallet, which can steal various types of sensitive information.

READ MORE: Bitcoin: Trader Predicts Surge to $40,000

Unfortunately, the crypto market has seen numerous attacks in the past 18 months, with 2022 being the worst year for crypto theft. The cross-chain bridge attack has been a popular exploit, resulting in some of the biggest crypto hacks of 2022.

Despite being only two months into 2023, the USP stablecoin and Trust Wallet have already experienced significant hacks.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.