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#Crypto wallet security

9 Stories Found
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New Ethereum Draft Proposal Would Allow Wallets to Permanently Disable EIP-7702 Delegation
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New Ethereum Draft Proposal Would Allow Wallets to Permanently Disable EIP-7702 Delegation

Key Highlights A newly proposed Ethereum standard outlines a permanent opt-out mechanism to prevent externally owned accounts from enabling EIP-7702 code delegation. The draft specification follows a high-profile exchange security incident, during which Binance co-CEO Richard Teng confirmed that an attacker bypassed standard controls via EIP-7702 delegation to drain massive reserves. Complementary technical proposals by ...

5 min readRead
Crypto Wallet Maker Keystone to Destroy Nearly 19,000 Devices Following Security Breach
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Crypto Wallet Maker Keystone to Destroy Nearly 19,000 Devices Following Security Breach

Key Highlights: Hardware wallet provider Keystone disclosed a data security incident resulting from an undetected failure in its automated 180-day customer data deletion tool. Keystone confirmed that critical security credentials—including recovery phrases, private keys, and wallet credentials—were not exposed in the incident. The disclosure follows a separate breach announced by Foundation, where attackers sent over ...

4 min readRead
India’s Largest Crypto Exchange Absorbs $16M Loss After Retired Wallet Process Failure
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India’s Largest Crypto Exchange Absorbs $16M Loss After Retired Wallet Process Failure

Key Highlights Indian crypto exchange CoinDCX absorbed a $15.99 million USDT loss linked to an outdated, deprecated operational wallet infrastructure. The issue arose after users continued sending deposits to legacy addresses retired following a security incident reported on July 19, 2025, triggering an automated sweeping failure. CoinDCX confirmed that all customer crypto balances remain fully ...

4 min readRead
CZ Urges Crypto Users to Prioritize Wallet Security Amid Rising Risks
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CZ Urges Crypto Users to Prioritize Wallet Security Amid Rising Risks

Key Highlights: Binance founder Changpeng Zhao (CZ) advises cryptocurrency users to isolate new software and hardware wallets from primary funds for several weeks before moving substantial assets. The warning follows reports of between $86 million and $87 million in losses connected to a third-party Ledger reseller operating in Southeast Asia. Former Mt. Gox CEO Mark ...

4 min readRead
Zcash Developers Target January for Quantum-Resistant Payments After ‘bunker mode’ Scare
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Zcash Developers Target January for Quantum-Resistant Payments After ‘bunker mode’ Scare

Key Highlights Ethereum researcher Justin Drake warned crypto holders to prepare for a “bunker mode,” cautioning that AI could potentially breach wallet cryptography in months rather than years under a worst-case scenario. Zcash faces scrutiny over its cryptographic security, particularly regarding its transparent pool, which holds about 11.96 million of the 16.98 million $ZEC issued. ...

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Bitcoin Core Fix Patches Vulnerability That Could Redirect Funds Without Stealing Private Keys
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Bitcoin Core Fix Patches Vulnerability That Could Redirect Funds Without Stealing Private Keys

Key Highlights: Bitcoin Core developers have addressed an authorization vulnerability involving the SIGHASH_SINGLE signing mode when a transaction lacks a corresponding output. While legacy raw-transaction signing interfaces previously blocked this edge case, the Partially Signed Bitcoin Transaction (PSBT) workflow remained susceptible, potentially allowing signatures that fail to bind the approved recipient. Merged into Bitcoin Core’s ...

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Security Alert Issued for the Crypto Wallet Everyone Uses; Founder Issues Statement
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Security Alert Issued for the Crypto Wallet Everyone Uses; Founder Issues Statement

Key Highlights Joseph Lubin said there is currently no evidence that the security incident affected MetaMask wallets or user funds. MetaMask recovery phrases, private keys, and wallet-held assets were not included in the reported scope of the incident. Consensys and its partners changed validator keys as a precaution, causing some validators to exit and re-enter ...

3 min readRead
Ethereum Co-Founder Vitalik Buterin Argues Local AI Protects Privacy Without Losing Speed
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Ethereum Co-Founder Vitalik Buterin Argues Local AI Protects Privacy Without Losing Speed

Key Highlights Ethereum co-founder Vitalik Buterin reports that local AI models on high-end laptops, specifically Qwen 3.8 Flash running via llama.cpp, are approaching a practical turning point for handling a “large share” of daily computing tasks. September benchmarks on a Strix Halo laptop show input processing of 109.82–373.22 tokens per second and output generation of ...

5 min readRead