Ill Bloom Wallet Vulnerability Puts Thousands of Accounts at Risk, $5M Stolen

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A new vulnerability alert reveals that the 'Ill Bloom' wallet flaw is being actively exploited, putting thousands of blockchain accounts at risk. The security breach has impacted multiple chains since 2018, with recently created wallets still vulnerable. Over $5 million has been stolen, including $3 million on May 27 and $2 million in the past few hours. Coinspect Security has released a tool to identify affected addresses and is urging wallet providers to implement weak mnemonic detection.

Odaily Planet Daily reports: Coinspect Security has disclosed that a wallet generation vulnerability named "Ill Bloom" is being exploited by attackers to take control of affected wallets and steal funds. This vulnerability has impacted wallets on multiple blockchains since 2018, and affected wallets were still being generated weeks ago, originating from multiple sources rather than a single software wallet.

On May 27, hundreds of accounts were compromised, resulting in the theft of approximately $3 million; in the past few hours, another $2 million has been transferred from exposed wallets. Thousands of accounts remain at risk, spanning Bitcoin, Ethereum and L2s, Tron, and Solana. Coinspect Security has launched a tool to check affected addresses and is urging wallet providers to integrate lightweight weak mnemonic detection functionality.

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