In this video, I explain a security vulnerability that was recently discovered in the Tangem app code. Tangem identified and fixed a potential issue that affected a small group of users, where private keys were mistakenly logged in the app during wallet activation with a seed phrase.
Here’s what you need to know: 1️⃣ What Happened: A bug caused private keys to be logged in the app’s logs when a user activated a wallet with a seed phrase and contacted Tangem support within 7 days.
2️⃣ Who Was Affected: Only users who activated their wallet with a seed phrase and reached out to Tangem support in the first 7 days were potentially affected. If this wasn’t you, then you have nothing to worry about.
3️⃣ Tangem’s Response: The issue was quickly identified and resolved, and all logs have been deleted to ensure user security. Tangem released updates (app versions 5.19.1 and 5.19.2) and implemented additional security measures.
4️⃣ What Should You Do: If you think you might have been affected, update the Tangem app, transfer your funds to another wallet, and reset your wallet to factory settings. I’ll walk you through all the necessary steps.
I also link to some helpful Reddit discussions where people have shared their reactions to this issue. However, I encourage you not to react with fear—do your own research and get all the facts before making any decisions.
TANGEM MAJOR SECURITY BUG DISCOVERED AND ACKNOWLEDGED BY TANGEM
https://www.reddit.com/r/ledgerwallet/comments/1hpf0ep/tangem_major_security_bug_discovered_and/
IS TANGEM COMPROMISED? OR IS IT SCAM?
https://www.reddit.com/r/Tangem/comments/1hougo1/comment/m4cwheo/
TANGEM REDDIT THREAD
https://www.reddit.com/user/TangemAG/
TANGEM IDENTIFIES AND RESOLVES POTENTIAL VULNERABILITY
https://tangem.com/en/blog/post/tangem-resolves-log-issue/
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💡 DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.