Employees of ScaleBit, a subsidiary of security auditor BitsLab, have identified a vulnerability that could lead to the theft of assets from a decentralized exchange's crypto wallet. Uniswap .
The bug allows attackers with physical access to the device to bypass the wallet's authentication mechanisms and obtain the secret phrase stored on the device, ScaleBit said in a statement.
We are talking about seeds, which consist of 12-24 random words and ensure the safety of funds stored in a crypto wallet.
According to experts, the vulnerability was found even in the latest version Uniswap Wallet They advised crypto wallet users to take precautions until the issue is fully resolved.
Developers Uniswap have not commented on ScaleBit's statement. There have also been no reports of thefts from the exchange's crypto wallets. However, last year, due to hackers' actions, investors lost cryptocurrencies worth almost $2,3 billion, which is 40% more than in 2023. At the same time, the number of thefts of private data from crypto wallets has increased sharply.
Whether this trend will continue this year, time will tell. However, by the end of last year, several blockchain security companies recorded a reduction in hacking and fraud cases in the crypto industry. Thus, on January 1, PeckShield published data according to which in December 2024, losses from hackers amounted to $24,7 million, which is 71% less than in November 2024.
