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Bitwoot.com Discovers Potential Attacks Bitcoin Wallets, User Funds Unaffected

Bitwoot Security Labs, the cybersecurity division of cryptocurrency exchange Bitwoot.com, has identified new potential attacks against Bitcoin wallets.

These attacks can affect Bitwoot wallets if they execute prior to the user receiving the wallet, if a wallet was intercepted during shipment, Bitwoot.com noted. This leaves the attackers theoretically capable of controlling computers connected to Bitwoot.com wallets and running malware on them. Thankfully it stayed theoretical — the issue was repaired.

Had the matter gone unaddressed, then we’d start hearing about “Blind Bitcoin attacks.” Kind of attack approves malicious transactions while a device’s display is turned off. This exploit can manipulate the wallet’s display and convince users to press a series of buttons that approves a malicious transaction.