Ill Bloom Wallet Flaw Exploited: $5M Drained
🔴 Critical | Source: The Hacker News A vulnerability dubbed ‘Ill Bloom’, disclosed by security firm Coinspect, allows attackers to predict cryptocurrency wallet recovery phrases due to weak randomness in how some wallet software generates them. With knowledge of the recovery phrase, an attacker gains full control of the associated wallet and can drain all funds. Exploits are already active, with a confirmed coordinated attack on 27 May resulting in losses exceeding $5 million. ...