Svmuu News: Coinspect Security has disclosed that a wallet generation vulnerability known as “Ill Bloom” is being exploited by attackers to take control of affected wallets and steal funds. This vulnerability has affected wallets on multiple blockchains since 2018; affected wallets were still being generated as recently as a few weeks ago, and the issue does not stem from a single software wallet.
As of May 27, hundreds of accounts had been compromised, resulting in the theft of approximately $3 million, and in the last few hours, another $2 million has been transferred out of exposed wallets.Thousands of accounts remain at risk across Bitcoin, Ethereum and its Layer 2 networks, TRON, and Solana. Coinspect Security has launched a tool to check affected addresses and is urging wallet providers to integrate lightweight weak mnemonic detection features.