Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Crypto Vulnerability: $900K Theft

August 11, 2023
Reading Time: 2 mins read
in Incidents
Crypto Vulnerability: $900K Theft

A critical vulnerability in the Libbitcoin Explorer 3.x library has led to the alarming theft of over $900,000 from Bitcoin users, a recent report by cybersecurity firm SlowMist reveals.

This exploit also poses a serious threat to users of Ethereum, Ripple, Dogecoin, Solana, Litecoin, Bitcoin Cash, and Zcash who utilize Libbitcoin to create cryptocurrency accounts. The vulnerability, ominously named the “Milk Sad” vulnerability, allows attackers to exploit a flawed key generation mechanism, resulting in the unauthorized access to valuable digital assets.

Notably, Libbitcoin serves as a crucial implementation for creating Bitcoin wallets and accounts across various platforms. Despite being used by prominent applications like Airbitz, Bitprim, and Blockchain Commons, the affected applications remain undisclosed as SlowMist did not provide specific details on which platforms were impacted by the vulnerability. The discovery of this security loophole is credited to the cybersecurity team “Distrust,” who reported it to the CEV cybersecurity vulnerability database on August 7th.

Of particular concern is a specific attack that siphoned off approximately $278,318 worth of Bitcoin. SlowMist has taken action by blocking the attacker’s address, engaging with exchanges to prevent any conversion of the stolen funds. The Distrust team and associated security consultants have set up an informative website detailing the vulnerability’s mechanics.

This flaw arises when users employ the “bx seed” command for wallet seed generation, which utilizes a pseudorandom number generator lacking sufficient randomness, resulting in duplicate seeds for multiple individuals. As investigations continue, the broader cryptocurrency community remains on high alert against further security breaches.

References:
  • Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist
Tags: August 2023BitcoinCyber incidentCyber Incidents 2023CyberattackCybersecurityLibbitcoin ExplorerVulnerabilities
ADVERTISEMENT

Related Posts

Avantic Lab Affected By Ransomware

Avantic Lab Affected By Ransomware

July 11, 2025
Avantic Lab Affected By Ransomware

Microsoft’s Outlook Long Outage

July 11, 2025
Avantic Lab Affected By Ransomware

$40M+ Stolen from GMX Crypto Platform

July 11, 2025
Nippon Steel Solutions Data Breach

Bitcoin Depot Breach Exposes Data

July 10, 2025
Nippon Steel Solutions Data Breach

McDonald’s AI Hiring Bot Exposes Data

July 10, 2025
Nippon Steel Solutions Data Breach

Nippon Steel Solutions Data Breach

July 10, 2025

Latest Alerts

Fake Sites Push Investment Scams

Fake Firms Push Malware on Crypto Users

Severe WordPress Flaw 200K Sites at Risk

RondoDox Botnet Exploits Router Flaws

ServiceNow Data Exposure via ACLs

Hackers Revive SEO Poisoning

Subscribe to our newsletter

    Latest Incidents

    Microsoft’s Outlook Long Outage

    Avantic Lab Affected By Ransomware

    $40M+ Stolen from GMX Crypto Platform

    Bitcoin Depot Breach Exposes Data

    McDonald’s AI Hiring Bot Exposes Data

    Nippon Steel Solutions Data Breach

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial