Jaxx wallet security flaw!

in jaxx •  7 years ago 

I just found out that the Jaxx wallet has a major security breach.

get-me-out-1605906_640.jpg

For those who just want the TL/DR:

  • your 12-word recovery phrase can be stolen!
  • The developers don't intend to fix any time soon!
  • Your should move your funds to another wallet or official coin wallet.

I learned this info through:
http://www.newsbtc.com/2017/06/11/anyone-can-extract-jaxx-wallet-mnemonic-seed-developers-will-not-fix-problem/

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My brother says to only keep small amounts in Jaxx, if any.

I really don't see the point of keeping any amount in Jaxx if its extremely vulnerable.

Shrem: No Jaxx Wallet User Has Lost Funds Despite Recent Warnings

http://www.bitsonline.com/shrem-jaxx-wallet-funds/

UGH!! It seems like every wallet has some kind of issue!

The cryptoverse is a relative new field and these things are bound to happen, that is why you may want to use the official coin wallet or a hardware wallet.

Shrem: No Jaxx Wallet User Has Lost Funds Despite Recent Warnings

http://www.bitsonline.com/shrem-jaxx-wallet-funds/

Good to know!! Thanks for the info.

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