Summary

  • Changpeng Zhao warned cryptocurrency wallet users who rely on social login features about a Web3Auth security issue.
  • He said a security issue had been raised at Web3Auth and urged caution for users accessing cryptocurrency wallets through social logins.
  • The specific cause of the vulnerability and the scale of any damage, as well as the range of wallet services affected, were not confirmed.

Forecast Trend Report by Period

Binance co-founder Changpeng Zhao warned cryptocurrency wallet users who rely on social login features about a security issue related to Web3Auth.

Cointelegraph reported on November 8 that Zhao urged caution for users accessing crypto wallets through social logins after a security issue was raised at Web3Auth.

The warning applies to wallet users who use social login features. Web3Auth is a service that provides wallet authentication through social accounts.

The cause of the vulnerability, the scale of any damage and the scope of affected wallet services have not been confirmed.

JH Kim