- t3rn-swap script compromised, stealing user keys.
- Author claimed he was also hacked.
- Community urged to change any affected keys.
The disclosure of the t3rn-swap script’s backdoor is significant as it raises concerns about security practices in open-source crypto tools, leading to caution among cryptocurrency users.
The vulnerability within the t3rn-swap script, hosted on GitHub, was discovered when a community user identified code that sent private keys to a specified Telegram ID. The compromised code was found in the record_config function. User @Xuegaogx highlighted the danger, urging users to change any affected keys.
“The GitHub open-source library t3rn-swap was found to contain backdoor code, and the private key entered by the user will be silently sent to the specified ID via Telegram” – @Xuegaogx
The author, @hao3313076, responded by saying he was hacked, leading to mixed reactions within the community. People remain skeptical of his claim, considering it too straightforward given the severity of the issue.
The incident has prompted concerns in cryptocurrency markets, as scripts like t3rn-swap often manage multiple digital assets. The call for immediate action highlights the strength of community response.
Financial implications have not been quantified as no direct link to stolen assets or specific financial losses has been made public. The community advised immediate replacement of private keys affected.
Potential outcomes may involve tighter scrutiny of open-source projects and further adoption of robust logics for vetting crypto tools. Future developments may include formal audits, emphasizing both security advancements and community vigilance.
About the author
Judge Clears Celebrities of FTX Investor Claims In Lawsuit
Tom Brady, Stephen Curry, and others not liable in FTX investor lawsuit, lacks evidence of complicity.
Coinbase Acquires Deribit, Expanding Crypto Derivatives Reach
Coinbase Inc., one of the largest cryptocurrency exchanges in the U.S., has announced its acquisition of Deribit, a leading crypto options platform, for $2.9 billion to enhance its global derivatives market presence.
Crypto Presales: Market Impact and Investment Opportunities 2025
Explore the rising trend of crypto presales in 2025, offering early investment opportunities and market insights.
Binance Debuts Real-Time Trading with Terminal on Square
Binance, a leading cryptocurrency exchange, launched its Terminal feature on Binance Square, facilitating real-time trading information and enabling user trade sharing.
OCC Allows Banks to Trade and Custody Crypto Assets
OCC permits national banks to engage in crypto trading and custody. Key market impacts expected.
Jetking Plans Substantial Bitcoin Investment
Jetking Infotrain Ltd., an Indian IT training company, plans to acquire 18,000 Bitcoins by 2030 to enhance its cryptocurrency holdings, marking a strategic shift by integrating Bitcoin into its traditional business model.
Related
Judge Clears Celebrities of FTX Investor Claims In Lawsuit
Tom Brady, Stephen Curry, and others not liable in FTX investor lawsuit, lacks evidence of complicity.
Coinbase Acquires Deribit, Expanding Crypto Derivatives Reach
Coinbase Inc., one of the largest cryptocurrency exchanges in the U.S., has announced its acquisition of Deribit, a leading crypto options platform, for $2.9 billion to enhance its global derivatives market presence.
Crypto Presales: Market Impact and Investment Opportunities 2025
Explore the rising trend of crypto presales in 2025, offering early investment opportunities and market insights.
Binance Debuts Real-Time Trading with Terminal on Square
Binance, a leading cryptocurrency exchange, launched its Terminal feature on Binance Square, facilitating real-time trading information and enabling user trade sharing.
OCC Allows Banks to Trade and Custody Crypto Assets
OCC permits national banks to engage in crypto trading and custody. Key market impacts expected.
Jetking Plans Substantial Bitcoin Investment
Jetking Infotrain Ltd., an Indian IT training company, plans to acquire 18,000 Bitcoins by 2030 to enhance its cryptocurrency holdings, marking a strategic shift by integrating Bitcoin into its traditional business model.
Be the first to leave a comment