the security hack highlights the risks of exposure of mnemonic phrases
AI Summary
According to Foresight News, the founder of SlowMist, Yu Jian, has reported a security hack involving the exposure of mnemonic phrases. A user had four mnemonic phrases leaked, leading to the theft of funds from four corresponding wallet addresses. The hacker converted the stolen assets into ETH and laundered them through FixedFloat.
Yu Jian emphasized the risks associated with prolonged online exposure and the widespread distribution of mnemonic phrases or private keys. He warned that the longer they are used online and shared among multiple users, the higher the likelihood of leaks, making it increasingly difficult to trace the origin of the hack.$BTC
