Trust Wallet developers warned about iOS vulnerability

The developers of the Trust Wallet cryptocurrency wallet caused alarm among cryptocurrency owners by recommending that iPhone users urgently disable iMessage.

This warning is based on an assessment of the high risk of a zero-day exploit that could allow hackers to take control of iPhone devices.

Source: X-account Trust Wallet

What is a zero-day exploit?

A zero-day exploit is a cybersecurity nightmare.

Essentially this is a critical vulnerability in the software that developers are not aware of. This situation opens the door for attackers to exploit the vulnerability before a patch is released. The term zero day refers to the fact that developers do not have a single day to fix an issue before it can potentially be exploited in a cyber attack.

Urgent warning Trust Wallet

Trust Wallet says it has "genuine information" about the existence of a zero-day exploit targeting iMessage that was discovered on black markets. This exploit is particularly concerning because it allegedly allows hackers to hack an iPhone without user interaction, such as by clicking on a malicious link. This makes it especially dangerous as users may not realize that their devices are under attack.

Trust Wallet emphasizes that wealthy targets, likely with significant cryptocurrency holdings, are particularly at risk. They also report that the exploit is selling on black markets for a whopping $2 million, indicating its high value and potential effectiveness.
“This could affect anyone, but as we have said, wealthy individuals are likely targets as the most lucrative targets. We don’t know how much you HODL, but since there is a risk for everyone, we have outlined the safest course of action,” the team emphasized.

Is it necessary to disable iMessage?

While the warning from Trust Wallet is concerning, some security experts remain cautious. They point out the lack of concrete evidence other than a screenshot of the alleged exploit being put up for sale. Disabling iMessage completely can be a major inconvenience for many users.

What can you do?

Here are a few steps you can take to reduce the potential risk:
Keep an eye on Apple's official announcements: It is important to stay up to date with all of Apple's official announcements regarding iMessage security vulnerabilities. This will help you quickly respond to possible threats and take appropriate precautions.
Enable two-factor authentication: Adding two-factor authentication will strengthen the security of your crypto wallet and other online accounts. This will create an additional barrier for hackers even if they manage to obtain your credentials.
Consider alternatives: If you are very concerned about the security of iMessage, consider using alternative messaging apps that are not affected by the vulnerability mentioned. However, be sure to make sure that the application you choose has a good security reputation.
Practice Safe Online Habits: Always be careful when communicating online. Don't open suspicious messages or links, even if they appear to be from known contacts. Avoid downloading attachments from untrusted sources to avoid exposing your devices to malware.
These steps will help you reduce potential risk and improve the overall security of your data and devices.
The iMessage exploit situation continues to develop, and at the moment Apple has not yet made an official comment on the matter. While disabling iMessage may seem like a drastic step, the potential consequences for cryptocurrency owners could be significant. However, by staying informed, following good online security practices, and considering alternative methods of communication, you can take the necessary steps to protect your crypto assets.

The AML Crypto team reminds you to pay taxes on time and in full, as well as to be careful in conducting transactions, choosing counterparties and using all necessary methods to preserve your crypto funds. And check your crypto wallet for purity, perform AML address verification, track a transaction - you can do this and more in our Btrace solution. Free AML wallet verification for every new user. And if you do become a victim of a scam, then contact our specialists for a blockchain investigation and return of stolen funds.
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