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Market News

Trojan Set By Ex-Huobi Employee Leaks iToken Wallet Private Keys

The trojan set by a former employee puts iToken’s security and user funds at risk.

Written By:
Gopal Solanky

Last updated: February 12, 2024 4:37 AM
Published September 16, 2023 6:53 AM
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Last updated: February 12, 2024 4:37 AM
Published September 16, 2023 6:53 AM

iToken, formerly known as Huobi Wallet, is compromised as a trojan virus set by Huobi’s ex-employee leaks user’s mnemonics or private keys. 

The hack comes into the spotlight as a victim user confirms the hack and provides the hacker’s address, which has accumulated a total of 772 Ether. The address has received several large ETH transactions since September 2.

Suspected iToken Hacker Address
Suspected iToken Hacker Address

According to crypto reporter Wu, the wallet’s private keys were leaked due to a Trojan virus set up by a former employee of the company. The employee is currently being investigated by local police.

Exclusive: Due to a Trojan virus set up by a former Huobi employee, some user mnemonics or private keys of iToken (formerly Huobi Wallet) have been leaked. The employee has been investigated by the police.

— Wu Blockchain (@WuBlockchain) September 16, 2023

iToken warned its users that some wallet addresses are at security risk. Wallet’s security agency team has taken action to safeguard user assets.

Also Read: Hacker Group Konni Uses WinRAR Vulnerability To Steal Crypto

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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