Crypto Developer Komodo ‘Hacks’ Wallet Users to Foil $13 Million Hack


Cryptocurrency wallet developer Komodo has efficiently hacked its very own customers to avert an attack that could have resulted in the theft of funds worthy of nearly $13 million.

A blog site submit from the npm JavaScript package repository, to start with claimed by ZDNet, indicated that its security process lifted an notify about a backdoor on June 5 that could have been utilised by hackers to rob end users of one of Komodo’s older wallets, Agama.

An audit showed a malware threat with the probable to steal cryptocurrency wallet seeds and logins.

To avert hackers from taking edge of the malicious code, Komodo and npm utilised the exact same backdoor to extract Agama users’ funds and transferred them to a safe and sound spot away from hackers arrive at.

Npm reported:

“After getting notified by our inside security tooling of this threat we responded by notifying and coordinating with Komodo to protect their end users as nicely as take out the malware from npm.”

In a security notify, Komodo reported: “After discovering the vulnerability, our Cyber Safety Group utilised the exact same exploit to obtain manage of a whole lot of afflicted seeds and secure the funds at danger.”

Komodo reported it was capable to safeguard 8 million komodo (KMD) tokens and 96 bitcoin, collectively worthy of nearly $13 million.

To avert hackers from employing their outdated seeds and paraphrases in the upcoming, the developer encouraged Agama wallet end users to shift their funds to its newer wallet goods and develop new KMD and BTC addresses, as nicely as new passphrases.

Destructive code picture by using Shutterstock