Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » IOTA Advices Use of Seed Migration Tool By Trinity Wallet Users

IOTA Advices Use of Seed Migration Tool By Trinity Wallet Users

Kelly Cromley by Kelly Cromley
Feb 21, 2020
in Market News, News
Reading Time: 2 mins read
0

IOTA, a cryptocurrency that uses next-generation bockless network called tangle technology, has issued another update regarding the hacking of its official wallet.

IOTA Foundation has advised users of Trinity Wallet to quickly reset their passwords and utilize the seed migration tool to safeguard their assets.

RelatedPosts

Connect Launches First Social Impact Platform on Web4

MoviePass Turns Movie Watching Into a Blockchain Game

RealDID Brings Privacy-First Digital ID to Hong Kong

Gigachain Sets New Benchmark in Blockchain Computation

According to the Foundation, Trinity users who created or updated their wallets between December 17, 2019 and February 18, 2020 may be susceptible.

IOTA, at present, functions on devoted network (Tangle), but Coordinator, a network node assisting in limiting onslaughts, is put on freeze following the latest violation.

The desktop version of Trinity Wallet was identified to be weak after hackers took over several high-value accounts on February 12 by taking control of private wallet keys.

MoonPay, a facility that facilitates utilizers to buy IOTA straightaway, was identified to be the gateway that was exploited by hackers. Following the breach, the foundation does not offer the MoonPay feature in the fixed version of Trinity Wallet for desktop users.

Trinity users – If you opened #Trinity between Dec 17th 2019 – Feb 18th 01.30 CET 2020, you will need to use the seed migration tool to protect your tokens. Further details about the tool and migration period soon. All updates at https://t.co/3blzUVGJTE or https://t.co/vbg93hQBiG

— IOTA (@iotatoken) February 20, 2020


In spite of suggesting users to reset their passwords without any delay and keep looking for any fishy activity, IOTA underlined that it is highly improbable that credit card details were stolen during the hacking incident:

“…we want to inform users who have input their credit card details into the Trinity Wallet that, to the best of our knowledge, their credit card information is unlikely to have been compromised by this security incident.”

This guarantee contradicts the severity of the violation. Hacker may have gained access to the seeds of several IOTA users and may identify many investors who are yet to use the migration tool as advised by the Foundation.

Cryptos like IOTA are still able to recover from data breaches, while working to advance their technology. Notably, back in December 2019, the company had to suspend its operation for a day after a mainnet incident.

Previous Post

Cardano to Implement Ouroboros Update on the Byron Mainnet in Few Hours

Next Post

IBM’s Blockchain Based Shipping Solution TradeLens Enrolls Indonesian Customs

Related Posts

connect launches first social impact platform on web4

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
0

Connect, in collaboration with members of the WIN Blockchain community, has announced the official launch of what is being described...

moviepass turns movie watching into a blockchain game

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
0

MoviePass has unveiled a revamped digital experience that reimagines how audiences interact with films. Its latest venture, called Mogul, integrates...

realdid brings privacy-first digital id to hong kong

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
0

China’s blockchain-powered identity solution, RealDID, is now being extended to Hong Kong, marking a significant milestone in the evolution of...

gigachain sets new benchmark in blockchain computation

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
0

A new entrant in the Layer 1 blockchain ecosystem, Gigachain Labs, has introduced a protocol that reimagines blockchain scalability by...

rich and vareger unite to redefine ip protection in ai era

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025
0

British deep tech firm Research Integrity Chain Ltd (RICH) has entered into a strategic agreement with Estonian technology provider Vareger...

cosmic wire and swm partner to reshape blockchain adoption

Cosmic Wire and SWM Partner to Reshape Blockchain Adoption

by Kelly Cromley
May 23, 2025
0

Cosmic Wire, a technology company specializing in blockchain memory and the spatial web, has formed a strategic partnership with Sovereign...

Next Post
IBM’s Blockchain Based Shipping Solution TradeLens Enrolls Indonesian Customs

IBM’s Blockchain Based Shipping Solution TradeLens Enrolls Indonesian Customs

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

connect launches first social impact platform on web4
Market News

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
moviepass turns movie watching into a blockchain game
Market News

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
realdid brings privacy-first digital id to hong kong
Market News

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
gigachain sets new benchmark in blockchain computation
Market News

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
rich and vareger unite to redefine ip protection in ai era
Market News

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree