Although 1inch has just made this security statement, the vulnerability has nothing to do with the Ethereum merge that took place today. First of all, it is useful to point this out.
Decentralized exchange platform 1inch, Specifically created via a tool called Profanity Ethereum has published a security report claiming a serious vulnerability at their address.
1inch Claims Vulnerability in Profanity Generated Ethereum Addresses
The report, based on the company’s own security research, claimed that this vulnerability may have allowed hackers to secretly drain tens of millions of dollars from the wallets of Profanity users over the past few years.
However, no evidence was presented for this claim.
The company report stated that this event should not be taken lightly.
It was stated that millions of dollars may have been stolen due to this vulnerability.
The digital traces of the hackers who made these attacks can be easily detected on the Blockchain.
Profanity was launched in 2017 and Ethereum It is a tool that allows its users to create “vanity addresses”, a type of private wallet containing names or numbers.
According to 1inch, the private keys of Profanity-based addresses can be calculated by hackers.
He advised users who created their 1inch addresses with Profanity to transfer their assets to new wallets.
The company said, “If your wallet address was created with the Profanity tool, your money is no longer safe. Transfer all your assets to a different wallet as soon as possible,” he stated.
On the other hand, the anonymous developer of the Profanity tool known on GitHub as “johguse” admitted that the security issue is real.
He warned users not to use Profanity.
Cryptocurrency 1inc, which had its share of the decline period, was trading at $ 0.60 at the time of this writing.
*Not investment advice.
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